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5999 W 34th St, Houston, TX...

600 Southwest Military Ltd Sells Property At 5999 W 34th St Houston With Rep Joshua Lass
SOLDIndustrial

600 Southwest Military Ltd Sells Property At 5999 W 34th St Houston With Rep Joshua Lass

5999 W 34th St, Houston, TX, 77092

Building Size

22,738 SF

Asset Type

Industrial

Closing

Nov 19, 2023

AI

The property involved in this transaction is an industrial property located at 5999 W 34th St, Houston, TX, 77092. The property encompasses a total square footage of 22,738 and is situated within the Houston market.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: Not disclosed
  • Address: 5999 W 34th St, Houston, TX, 77092
  • Square Footage: 22,738
  • Buyer: Unknown
  • Seller: 600 Southwest Military Ltd
  • Buyer's Representatives: Justin Cole - Berkadia, Chase Cribbs - Lee & Associates
  • Seller's Representatives: Joshua Lass-Sughrue, Jason Ridenbaugh - NAI Partners

Chase Cribbs and Justin Cole of Lee & Associates represented the undisclosed buyer in this industrial property sale, while Joshua Lass-Sughrue and Jason Ridenbaugh of NAI Partners acted on behalf of the seller, 600 Southwest Military Ltd.

Players

Chase Cribbs

Lee & Associates

Broker

7 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