Will Hedges & Keith Gabrielson Of Triten Real Estate Partners Acquire Industrial Property In Houston
Fm 1960 Rd W
Building Size
1,117,314 SF
Asset Type
Industrial
Closing
Dec 13, 2024
AI
The asset involved in this transaction is an industrial property located at Fm 1960 Road W in Houston, encompassing a total square footage of 1,117,314. The transaction represents a significant movement in the industrial real estate market within this region.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not Specified
- Buyer: Will Hedges & Keith Gabrielson
- Buyer's Company: Triten Real Estate Partners
- Broker: Huntley Grichor
- Broker's Agency: Red Key Properties
- Transaction Date: 12/13/2024
Key individuals in this transaction include Will Hedges and Keith Gabrielson, representing Triten Real Estate Partners as the buyers. The broker facilitating the transaction is Huntley Grichor from Red Key Properties, ensuring the deal is executed smoothly in accordance with market standards.
Players
Humble 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