Updated Oct 29, 2024
Tailored Brands Sells Warehouse In Houston To SER-Ninos Charter School
5803 Glenmont Drive, Houston, TX, USA
Building Size
141,258 SF
Asset Type
Industrial
Closing
Feb 21, 2021
About this deal
AI
The warehouse located at 5803 Glenmont Drive in Houston has been sold. The property spans across 7 acres and has a total area of 141,258 square feet.
Summary of transaction details
- Property Type: Warehouse
- Transaction Amount: Not specified
- Date: 02/22/2021
- Seller: Tailored Brands
- Buyer: SER-Ninos Charter School
- Seller's Representative: Jason Dillee & Nathan Wynne - CBRE
- Buyer's Representative: Bill Burge - Burge CRE
- Market: Houston
The seller, Tailored Brands, was represented by Jason Dillee and Nathan Wynne from CBRE. On the other hand, Bill Burge from Burge CRE acted as the buyer's representative in the transaction.
On the Map
Industrial
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Players
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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