NAI Partners Sells Leghorn Service Center Industrial Property In Houston
8020 Leghorn Street, Houston, TX, USA
Building Size
66,530 SF
Asset Type
Industrial
Closing
Aug 6, 2020
AI
Charlie Strauss, Trent Agnew, and Katherine Miller of JLL recently completed a sale transaction in Houston's industrial market. The property, located at 8020 - 8030 Leghorn Avenue, spans approximately 66,530 square feet. NAI Partners represented the seller in this deal.
Summary of transation details
- Property Type: Industrial
- Transaction Amount: Not disclosed
At the time of the sale, Leghorn Service Center was fully leased, adding to the appeal of the property. This transaction highlights the continued activity in Houston's industrial sector, driven by the demand for warehouse and distribution spaces.
Players
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