Updated Oct 29, 2024
Adkisson Group Acquires 158,700 SF Industrial Property In Houston
6500 Brittmoore Rd, Houston, TX 77041, USA
Building Size
1,587,000 SF
Asset Type
Industrial
Closing
Sep 1, 2020
About this deal
AI
The industrial property located at 6500 Brittmoore Road in Houston has been sold. The property spans a total of 158,700 square feet, making it a substantial asset in the market.
Summary of Transaction Details
- Property Type: Industrial
- Transaction Amount: Not specified
The buyer of the property is Adkisson Group. Leading the transaction on behalf of the buyer were Robert McGee, Thomas Leger, and Chase Cribbs, who are associated with Lee & Associates. They acted as brokers and facilitated the deal.
On the Map
Industrial
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Players
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