facebook

traded

+ Submit
Home

/

Deals

/

Texas

/

Industrial

/

Sale

/

5353 West Sam Houston Parkw...

Buchanan Street Partners Acquires Industrial Property In Houston With Broker JLL
SOLDIndustrial

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

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.

Players

Buchanan Street Partners
Buchanan Street PartnersBrokerage

Matt Haugen

Buchanan Street Partners

Buyer

3 deals

Buyer

Houston Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

Loading comparables…

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