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8020 Leghorn Street, Housto...

NAI Partners Sells Leghorn Service Center Industrial Property In Houston
SOLDIndustrial

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

Charlie Strauss

JLL

Broker

30 deals

Broker
NP
NAI PartnersSeller

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