Updated Oct 29, 2024
Glenmorangie LLC Purchases Property In Houston From BL Fielder Investments LLC With Broker Christopher Winters
4303 South Dr, Houston, TX, 77053
Building Size
26,000 SF
Asset Type
Industrial
Closing
Mar 1, 2019
About this deal
AI
A 26,000-square-foot warehouse has been sold at 4303 South Drive in Houston, Texas. The property spans 2.2 acres and is located within Southbelt Industrial Park, conveniently near the Sam Houston Tollway. The transaction took place in the Houston market.
Summary of transation details:
- Property Type: Warehouse
- Transaction Amount: Not disclosed
- Address: 4303 South Dr, Houston, TX, 77053
- Market: Houston
- Buyer: Glenmorangie LLC
- Seller: BL Fielder Investments LLC
- Buyer's Representative: Christopher Winters - Colliers International
- Seller's Representative: Coy Wheeler - Keller Williams Commercial
Christopher Winters and Walter Menuet of Colliers International were involved in the representation of the buyer, Glenmorangie LLC, in this transaction, while the seller, BL Fielder Investments LLC, was represented by Coy Wheeler of Keller Williams Commercial.
On the Map
Industrial
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Players
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Boundary boundary · Industrial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93