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
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