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Hallmark Floors Acquires Industrial Property In Southbelt-Ellington, Houston

Property Image
SOLD
$170,476

Texas

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Industrial170,476 SF
Sold 06/09/20
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Property Image
SOLD

Hallmark Floors Acquires Industrial Property In Southbelt-Ellington, Houston

730 Genoa Red Bluff Rd, Houston, TX 77034, USA

See Similar Deals
Industrial170,476 SF
Sold 06/09/20
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Summary

TEXAS
Asset Type:Industrial
Price Per Square Foot:$1
Total Square Footage:170,476 SF
Transaction Type:Sale

The industrial property located at 730 Genoa Red Bluff Road in Houston, Texas has been sold in a closed transaction. The property spans across 170,476 square feet and is situated in the Southbelt - Ellington market.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: Not specified
  • Address: 730 Genoa Red Bluff Road, Houston, Texas
  • Market: Southbelt - Ellington
  • Square Footage: 170,476

The seller, Vigavi SEDC LLC, represented by Luis Villarreal, concluded the transaction with the buyer, Hallmark Floors, represented by Tony Pan. The brokerage services for this deal were provided by Nathan Wynne and Cape Bell from CBRE, as well as JLL representatives, David Buescher and Louis Tomaselli.

Players

Nathan Wynne
21 deals$170.5K volume(713) 577-1724
BROKER

Cape Bell
CBRE
5 deals$170.5K volume
BROKER

David Buescher
JLL
8 deals$170.5K volume
BROKER

BUYER

Details

SOLD
IMAGE: Nathan Wynne, Cape Bell, Luis Villarreal, David Buescher, & Louis Tomaselli⁠ DATE: 06/10/20⁠ ADDRESS: 730 Genoa Red Bluff Road⁠ CITY: Houston⁠ MARKET: Southbelt – Ellington ⁠ ASSET TYPE: Industrial⁠ SF: 170,476⁠ SELLER: Vigavi SEDC LLC – Luis Villarreal⁠ BUYER: Hallmark Floors – Tony Pan⁠ BROKER: CBRE – Nathan Wynne & Cape Bell, JLL […]

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$9,092.03

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$605.69
Cash-on-Cash Return-1.27%
Monthly Debt Service$808.14
Annual Debt Service$9,697.72