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
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