Updated Oct 29, 2024
Gringo Investments Acquires 130,000 SF Industrial Property In Houston From Con Can
5236 Fidelity Street
Building Size
130,000 SF
Asset Type
Industrial
Closing
Dec 6, 2022
About this deal
AI
The industrial property located at 5236 Fidelity St in Houston has been sold in a recent transaction. The property spans over 130,000 square feet and is part of the industrial asset category. The transaction was completed on 12/06/2022.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: Not specified
- Address: 5236 Fidelity St, Houston
- Market: Houston
- Buyer: Gringo Investments
- Seller: Con Can
- Brokers: Patrick McKiernan & James Mashni - First Houston Properties
The buyers, Gringo Investments, purchased the industrial property from the sellers, Con Can. The transaction was facilitated by brokers Patrick McKiernan and James Mashni from First Houston Properties.
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