facebook

traded

+ Submit
Home

/

Deals

/

Texas

/

Industrial

/

Sale

/

7522 Santa Fe Drive, Housto...

The New Generation Engineering & Construction Co. Acquires Industrial Property In Houston
SOLDIndustrial

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

Clay Pritchett

NAI Global

Broker

13 deals

Broker
Boyd Commercial CORFAC International
Boyd Commercial CORFAC InternationalBrokerage

Houston Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

Loading comparables…

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