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6921 Homestead Rd, Houston,...

TNT Equipment Co Acquires Property At 6921 Homestead Rd Houston With Brokers Clay Pritchett And Lawton Anderson
SOLDIndustrial

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

Clay Pritchett

NAI Global

Broker

13 deals

Broker

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