Finial Group And Fox & Graham Real Estate Facilitate Sale Of Industrial Property In Houston On Gessner Road
6606 Gessner Road
Building Size
19,259 SF
Asset Type
Industrial
Closing
Mar 8, 2024
AI
An industrial building spanning 19,259 square feet, accompanied by 1.5 acres of outdoor storage, situated at 6606 Gessner Road in Houston, was sold.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not disclosed
- Address: 6606 Gessner Road
- Market: Houston
- Seller's Representative: Christian Villarreal & Jason Gibbons - Finial Group
- Buyer's Representative: Christy Bowen - Fox & Graham Real Estate
The sale of the industrial property at 6606 Gessner Road in Houston was facilitated by Houston's Finial Group. Jason Gibbons and Christian Villarreal represented the seller in the transaction, while the buyer, whose identity was not revealed, was represented by Christy Bowen of Fox & Graham Real Estate.
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