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
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.
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