The New Generation Engineering & Construction Co. Acquires Industrial Property In Houston
7522 Santa Fe Drive, Houston, Texas 77061, United States
Building Size
23,781 SF
Asset Type
Industrial
Closing
Jun 22, 2022
AI
The New Generation Engineering & Construction Co. has acquired an industrial property located at 7522 S. Santa Fe Drive in Houston. The property spans an area of 23,781 square feet and was sold on 06/23/2022.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: Not available
- Address: 7522 S. Santa Fe Drive, Houston
- Market: Houston
Zane Carman and Clay Pritchett from NAI Partners represented The New Generation Engineering & Construction Co. as the buyer's representatives, while David Munson and Garrett Thomas from Boyd Commercial represented the seller.
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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93