Updated Oct 29, 2024
Greenbriar Properties Acquires 37.5K SF Industrial Building In Houston, Texas
431 Bammel Road
Building Size
37,500 SF
Asset Type
Industrial
Closing
Sep 14, 2023
About this deal
AI
A 37,500 square foot industrial building located at 431 Bammel Road in North Houston has been sold. The building was constructed in 2015 and sits on a 5.8-acre plot of land. It features multiple doors and is fully occupied.
Summary of Transaction Details
- Property Type: Industrial
- Transaction Amount: Not specified
- Square Footage: 37,500
- Address: 431 Bammel Road
- Market: Houston
- Acres: 5.8
The buyer, Greenbriar Properties, was represented by Landon Williams, Katie Hargett, and Coe Parker from Cushman & Wakefield. On the other side, Mike Boyd, Greg Barra, and Cory Grant from Boyd Commercial acted as the seller's representatives in the deal.
Players
Houston Industrial Market Snapshot
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