TNT Equipment Co Acquires Property At 6921 Homestead Rd Houston With Brokers Clay Pritchett And Lawton Anderson
6921 Homestead Rd, Houston, TX, 77...
Building Size
10,656 SF
Asset Type
Industrial
Closing
Nov 19, 2023
AI
A 10,656-square-foot industrial building was sold located at 6921 Homestead Road in the Houston market. The building is part of the industrial sector and is characterized by its large square footage, suitable for operational purposes.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not disclosed
- Address: 6921 Homestead Rd, Houston, TX
- Market: Houston
- Buyer: TNT Equipment Co
- Seller: Unknown
- Buyer's Representative: Clay Pritchett - NAI Capital
- Seller's Representative: Lawton Anderson - Moody Rambin
Zane Carman and Clay Pritchett facilitated the transaction on behalf of the buyer, TNT Equipment Co., which specializes in scaffolding and construction rental equipment. The seller's interests were represented by Zack Taylor and Lawton Anderson from Moody Rambin.
Players
Houston Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
Loading comparables…
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