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5708 N Shepherd Dr, Houston...

Geirin North Shepherd Purchases Property From Estate Of Frank D. Adams With Brokers John Ferruzzo And David Boyd, David Munson In Houston
SOLDIndustrial

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

John Ferruzzo

KBC Advisors

Broker

16 deals

Broker

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