Updated Dec 21, 2023
Marcus & Millichap Brokers TAG Industrial Sale Of Industrial Property In Houston
828 FM 1960, Houston, TX, USA
Building Size
8,400 SF
Asset Type
Industrial
Closing
Nov 17, 2021
About this deal
AI
An industrial property located at 828 FM 1960 Road in Houston has been sold. The property spans an area of 8,400 square feet. The transaction took place on November 17, 2021. The property was listed by TAG Industrial - Marcus & Millichap, with Adam Abushagur, Max Lozmack, and Maria Pappas serving as the brokers representing the seller. The sale price and any other additional details were not disclosed.
Summary of transaction details:
- Property Type: Industrial
- Transaction Date: November 17, 2021
- Property Address: 828 FM 1960 Road, Houston
- Market: Houston
- Property Size: 8,400 square feet
The sale of the industrial property at 828 FM 1960 Road in Houston was facilitated by the brokers Adam Abushagur, Max Lozmack, and Maria Pappas from TAG Industrial - Marcus & Millichap. They represented the seller in the transaction, but no further information about the buyer or sale price was provided.
Players
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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