Updated Oct 29, 2024
Hallmark Floors Acquires Industrial Property In Southbelt-Ellington, Houston
730 Genoa Red Bluff Rd, Houston, TX 77034, USA
$170,476
$1/SF
Building Size
170,476 SF
Asset Type
Industrial
Closing
Jun 9, 1920
About this deal
AI
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.
On the Map
$170,476
$1/SF
Industrial
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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
93.05%
Cash-on-Cash
-26.59%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93