Sparx Logistics USA Acquires Industrial Property In Houston For 87,850 SF
5630 Renwick Drive, Houston, Texas 77081, United States
Building Size
87 SF
Asset Type
Industrial
Closing
Jan 9, 2023
AI
The industrial property located at 5630 Renwick Drive in Houston has been sold in a recent transaction. The property spans an area of 87,850 square feet and sits on 5.90 acres of land.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: Not specified
- Address: 5630 Renwick Drive, Houston
- Market: Houston
- Square Footage: 87,850
- Land Area: 5.90 acres
The buyer of the property is Sparx Logistics USA, while the seller is SGTMI. Representing the buyer in the transaction is Zack Taylor from Colliers. On the seller's side, Eric Hughes and Mark Lehman from Centermark Real Estate acted as representatives.
Players
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