Finial Group Acquires 30,326 Square Foot Industrial Property At 6666 Gulf Freeway In Houston
6666 Gulf Freeway
Building Size
30,326 SF
Asset Type
Industrial
Closing
Nov 15, 2024
AI
Finial Group has acquired an industrial building located at 6666 Gulf Freeway in southeast Houston. The property spans 30,326 square feet and sits on 1.3 acres. Built in 1965, the single-tenant facility features 18-foot clear heights, three dock-high loading doors, and two grade-level drive-in doors.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not disclosed
- Address: 6666 Gulf Freeway
- Market: Houston
- Asset Size: 30,326 SF
- Acres: 1.3
- Buyer: Finial Group
- Brokers: Chase Tucker & Christian Villarreal - Finial Group
Chase Tucker and Christian Villarreal represented Finial Group in this transaction, facilitating the acquisition of the industrial property in Houston's market without disclosing the seller's identity. The transaction marks a significant addition to Finial Group's portfolio.
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