Gulf BK LLC Acquires Brookhollow West Business Park In Houston From CUNA Mutual Investment
9777 W Gulf Bank Rd, Houston, TX, 7...
Building Size
251,569 SF
Asset Type
Industrial
Closing
Mar 12, 2019
AI
The industrial property involved in the transaction is Brookhollow West Business Park, a 251,569-square-foot asset located at 9777 W. Gulf Bank Road in Houston. The property, built in 1977, sits on 15.4 acres. The seller, CUNA Mutual Investment Corp, and the buyer, Gulf BK LLC, were represented by Walter Menuet and Judd Harrison of Colliers International, and Abco Industrial Properties, respectively.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not disclosed
- Address: 9777 W. Gulf Bank Road, Houston, TX
- Market: Houston
- Seller's Rep: Walter Menuet (Colliers International)
- Buyer: Gulf BK LLC
- SF: 251,569
Colliers International played a crucial role in brokering the sale of the industrial property, with Walter Menuet and Judd Harrison representing the seller, CUNA Mutual Investment Corp. On the buyer's side, Gulf BK LLC was represented by Abco Industrial Properties in this transaction.
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