Updated Oct 28, 2024
Col Partner Holdings, LLC Acquires Industrial Property In South Houston For $2.5M
80 White Road, Houston, Texas 77047, United States
Building Size
26,000 SF
Asset Type
Industrial
Closing
Dec 30, 2021
About this deal
AI
An industrial property located at 80 White Road in South Houston has been sold. The property spans 26,000 square feet and is situated on 2.81 acres. The sale took place on December 30, 2021.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $2,500,000
- Address: 80 White Road
- Market: South Houston
- Size: 26,000 square feet
- Acreage: 2.81 acres
- Buyer: Col Partner Holdings, LLC
- Seller: 80 White Road, LLC
The buyer's representatives for this transaction were Patrick McKiernan and James Mashni from First Houston Properties. They facilitated the deal on behalf of Col Partner Holdings, LLC. On the seller's side, Zane Carmen and Clay Pritchett from NAI Partners represented 80 White Road, LLC.
On the Map
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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93