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North Houston, Houston, TX,...

TNRG Development Sells 30,000 SF Industrial Asset In North Houston With Brokers Clay Pritchett & Zane Carman
SOLDIndustrial

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

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.

Players

Clay Pritchett

NAI Global

Broker

13 deals

Broker

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