Updated Dec 4, 2024
Nuveen Real Estate Acquires Industrial Property In Spring For 281,481 SF
616 Spring Hill Drive, Spring, Texas 77386, United States
Building Size
281,481 SF
Asset Type
Industrial
Closing
Sep 8, 2022
About this deal
AI
716 Spring Hill Drive and 600 Spring Hill Drive, located in the Spring market, have been sold in a recent transaction. The industrial properties cover a combined square footage of 281,481 and were part of a sale deal.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: Not specified
- Buyer: Nuveen Real Estate
- Seller: AEW Capital Management
- Brokers: Randy Baird, Jonathan Bryan, Ryan Thornton, Nathan Wynne & Eliza Bachhuber - CBRE
Nuveen Real Estate has acquired the properties located at 616 Spring Hill Drive and 600 Spring Hill Drive. The sales were facilitated by the brokerage team from CBRE, composed of Randy Baird, Jonathan Bryan, Ryan Thornton, Nathan Wynne, and Eliza Bachhuber.
On the Map
Industrial
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Players
Spring 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