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6927 Brittmoore Road, Houst...

Finial Group Represents Buyer In Acquisition Of Industrial Property In Houston
SOLDIndustrial

Finial Group Represents Buyer In Acquisition Of Industrial Property In Houston

6927 Brittmoore Road, Houston, Texas 77041, United States

Building Size

26,125 SF

Asset Type

Industrial

Closing

May 17, 2022

AI

Brittmoore Properties LLC has sold an industrial property located at 6927 Brittmoore Road in Houston. The property spans 26,125 square feet. The deal was finalized on May 18, 2022. The transaction was facilitated by Jack Gaffney from Finial Group, who represented the buyer. Zane Carman and Clay Pritchett from NAI Partners served as the seller's representatives.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: Not specified
  • Address: 6927 Brittmoore Road, Houston
  • Market: Houston
  • Square Footage: 26,125

The buyer was represented by Jack Gaffney from Finial Group. On the seller's side, Zane Carman and Clay Pritchett from NAI Partners played a key role in the transaction. The involvement of these professionals ensured a smooth process and successful completion of the deal.

Players

Clay Pritchett

NAI Global

Broker

13 deals

Broker
BL
Brittmoore Properties LLCSeller

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