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9777 W Gulf Bank Rd, Housto...

Updated Oct 29, 2024

Gulf BK LLC Acquires Brookhollow West Business Park In Houston From CUNA Mutual Investment
SOLDIndustrial

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

About this deal

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.

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Industrial

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Players

Walter Menuet

Colliers

Broker

12 deals

Broker
CC
CUNA Mutual Investment CorpSeller
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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

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