facebook

traded

+ Submit
Home

/

Deals

/

Texas

/

Industrial

/

Sale

/

5707 Gardendale Drive

Cary Latham Of Partners Real Estate Represents Buyer In Rivergate Properties Industrial Sale In Houston
SOLDIndustrial

Cary Latham Of Partners Real Estate Represents Buyer In Rivergate Properties Industrial Sale In Houston

5707 Gardendale Drive

Building Size

36,000 SF

Asset Type

Industrial

Closing

Sep 24, 2024

AI

The property involved in this transaction is located at 5707 Gardendale Drive, within the industrial sector of Houston. It is characterized as a fully renovated small bay multi-tenant industrial park situated between Spring Branch and Garden Oaks.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: Not specified
  • Address: 5707 Gardendale Drive
  • Market: Houston
  • Seller: Rivergate Properties
  • Buyer's Representative: Cary Latham - Partners Real Estate
  • Seller's Representatives: Nick Terry & Marco Salazar - Rifle CRE
  • Contract to close in 21 days

The transaction involved Rivergate Properties as the seller, while the buyer's interests were represented by Cary Latham from Partners Real Estate. Nick Terry and Marco Salazar from Rifle CRE represented the seller in this deal.

Players

Cary Latham

Stream Realty Partners⁠

Broker

$8.2M

vol

13 deals

Broker
Partners Real Estate
Partners Real EstateBrokerage

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