Updated Dec 18, 2023
Dayton Street Partners Acquires 500,000 SF Industrial Property In Houston With Howard Wedren's Rep
5800 Mesa Drive, Houston, TX, USA
Building Size
500,000 SF
Asset Type
Industrial
Closing
Jan 7, 2021
About this deal
AI
The industrial property located at 5800 Mesa Drive in Houston has been sold in a recent transaction. The property spans across 500,000 square feet and sits on 90 acres of land. The sale of this industrial asset took place on January 8, 2021.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: Not disclosed
- Address: 5800 Mesa Drive, Houston
- Market: Houston
- Size: 500,000 SF
- Acres: 90
The buyer of the property is Dayton Street Partners, represented by Howard Wedren. No additional information regarding the transaction amount has been disclosed at this time.
Players
Houston Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Deal FAQ
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