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5801 Breen Drive

Ben Klepper Acquires Industrial Property In Houston With LandPark Commercial & Cresa
SOLDIndustrial

Ben Klepper Acquires Industrial Property In Houston With LandPark Commercial & Cresa

5801 Breen Drive

Building Size

50,000 SF

Asset Type

Industrial

Closing

Jun 13, 2024

AI

The industrial property located at 5801 Breen Drive in Houston was sold in a transaction involving the buyer, Ben Klepper, and the seller, Gloria Zermeno. The asset spans 50,000 square feet.

Summary of transaction details:

The deal's key individuals involved in the transaction were the buyer's representatives, Austin Honey, Timothy Thomas, and Andrew Nguyen from LandPark Commercial, and the seller's representatives, Brandon Alexander Wuntch and Drew Altmann from Cresa.

Players

Andrew Nguyen

LandPark Commercial

Broker

3 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