Geirin North Shepherd Purchases Property From Estate Of Frank D. Adams With Brokers John Ferruzzo And David Boyd, David Munson In Houston
5708 N Shepherd Dr, Houston, TX, 77...
Building Size
84,200 SF
Asset Type
Industrial
Closing
Nov 19, 2023
AI
Transaction involved an 84,200-square-foot multi-tenant industrial building located at 5708 N. Shepherd Drive in Houston. The property is situated in the Houston market.
Summary of transaction details:
- Property Type: Industrial Building
- Transaction Amount: Undisclosed
- Address: 5708 N Shepherd Dr, Houston, TX
- Market: Houston
- Buyer: Geirin North Shepherd LLC
- Seller: Estate of Frank D. Adams
- Buyer's Representative: John Ferruzzo-Transwestern
- Seller's Representatives: David Boyd, David Munson
Transwestern Real Estate Services facilitated the transaction, with John Ferruzzo serving as the executive managing director and Nick Peterson as managing director, providing investment sales services to the buyer. The seller was represented by David Munson and David Boyd of Boyd Commercial.
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