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431 Bammel Road

Greenbriar Properties Acquires 37.5K SF Industrial Building In Houston, Texas
SOLDIndustrial

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

Coe Parker

Cushman & Wakefield

Broker

4 deals

Broker

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