Updated Dec 4, 2024
Buchanan Street Partners Acquires Industrial Property In Houston With Broker JLL
5353 West Sam Houston Parkway, Houston, Texas 77041, United States
Building Size
250,894 SF
Asset Type
Industrial
Closing
Apr 26, 2022
About this deal
AI
The industrial property located at 5353-5373 W. Sam Houston Parkway in Houston has been sold. The transaction took place on 04/27/2022 and the buyer is Buchanan Street Partners. The property is spread over 250,894 square feet and sits on 22 acres of land. The sale was facilitated by JLL, representing Buchanan Street Partners. Matt Haugen of Buchanan Street Partners was also involved in the deal.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: Not specified
- Address: 5353-5373 W. Sam Houston Parkway
- Market: Houston
- Square Footage: 250,894
- Acres: 22
The sale of this industrial property in Houston involved Buchanan Street Partners as the buyer. JLL played a significant role as the broker representing Buchanan Street Partners. Matt Haugen, representing Buchanan Street Partners, was also involved in the deal.
On the Map
Industrial
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Players
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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