Updated Oct 28, 2024
Smart Pinemont Invst, LLC Acquires Industrial Properties On Pinemont Dr And Steadmont Dr In Houston For $3.2M
7821 Pinemont Dr, Houston, TX 77040, USA
$3,200,000
$71/SF
Building Size
45,000 SF
Asset Type
Industrial
Closing
Jun 8, 2020
About this deal
AI
A 45,000 square foot industrial property located at 7821 & 7831 Pinemont Dr, & 5131 Steadmont Dr has been sold in Houston. The property was sold by Pinemont Partners, LTD to Smart Pinemont Invst, LLC. The transaction was facilitated by broker Patrick McKiernan from First Houston Properties.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $3,200,000
- Date: 06/08/2021
- Market: Houston
This transaction involved the sale of an industrial property with a total area of 45,000 square feet. The property is located at 7821 & 7831 Pinemont Dr, & 5131 Steadmont Dr in Houston. The seller, Pinemont Partners, LTD, sold the property to Smart Pinemont Invst, LLC. The transaction was successfully facilitated by broker Patrick McKiernan from First Houston Properties.
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
4.96%
Cash-on-Cash
-1.42%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93