Updated Oct 28, 2024
TNRG Development Sells 30,000 SF Industrial Asset In North Houston With Brokers Clay Pritchett & Zane Carman
North Houston, Houston, TX, USA
Building Size
30,000 SF
Asset Type
Industrial
Closing
Sep 15, 2021
About this deal
AI
An industrial property in North Houston, with a total square footage of 30,000, was recently sold on 09/15/2021. The sale was facilitated by Clay Pritchett and Zane Carman of NAI Partners, representing the seller TNRG Development.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: Not specified
This deal involved the sale of an industrial asset in North Houston, spanning a total area of 30,000 square feet. The transaction took place on 09/15/2021 and was managed by Clay Pritchett and Zane Carman from NAI Partners, acting as the brokers for the seller, TNRG Development.
On the Map
Industrial
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Players
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