Updated Oct 28, 2024
HW 5606 LLC Acquires Industrial Property In Houston
5606 Harvey Wilson Drive, Houston, Texas 77020, United States
Building Size
39,445 SF
Asset Type
Industrial
Closing
Mar 10, 2022
About this deal
AI
The property involved in this transaction is an industrial asset located at 5606 Harvey Wilson Drive in Houston. The property has a total square footage of 39,445. The transaction took place on 03/11/2022.
Summary of Transaction Details:
- Property Type: Industrial
- Transaction Amount: Not available
- Address: 5606 Harvey Wilson Drive
- Market: Houston
- Square Footage: 39,445
The buyer of the property is HW 5606 LLC, while the seller is 5606 Harvey Wilson LLC. Steven O’Connor from PrinGroup Commercial represented the buyer as their broker's representative, and Chris Kugle from NAI Partners represented the seller as their broker's representative.
On the Map
Industrial
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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