Updated Oct 28, 2024
Cohen Asset Management Inc Acquires 534,100 SF Industrial Property In Houston
505 Aldine Bender Road, Houston, Texas 77060, United States
Building Size
534,100 SF
Asset Type
Industrial
Closing
May 15, 2022
About this deal
AI
Located at 505 Aldine Bender Road in Houston, this industrial property encompasses approximately 534,100 square feet. The transaction took place on May 16, 2022.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: Not disclosed
The buyer of this property was Cohen Asset Management Inc, represented by Bradley Cohen. On the other hand, the sellers were Investment & Development Ventures LLC and Sealy & Co.
Traded’s record for 505 Aldine Bender Road, Houston, Texas 77060, United States in Houston, Texas covers a industrial sale from 2022. The building is 534,100 square feet, implying about 0 per square foot on the published price. Named participants on the 505 Aldine Bender Road, Houston, Texas 77060, United States sale are Bradley Cohen. This page is the Houston, Texas file for the 505 Aldine Bender Road, Houston, Texas 77060, United States industrial sold: pricing, party profiles, and other closed industrial comps from the same Houston sit in the Market section below. Filter that Houston industrial set by closing date to see what else sold near 505 Aldine Bender Road, Houston, Texas 77060, United States around 2022. Cite this Cohen Asset Management Inc Acquires 534,100 SF Industrial Property In Houston sale when underwriting similar industrial product around Houston, Texas.
On the Map
Industrial
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Players
Houston Industrial Market Snapshot
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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