SOLDIndustrial
Mainna Investments Acquires 6.24 Acres Of Industrial Property In Sugar Land
South Dairy Ashford Road, TX
Building Size
271,814 SF
Asset Type
Industrial
Closing
Jun 6, 2020
AI
An industrial property located on S Dairy Ashford Rd in Sugar Land has been sold. The property spans 6.24 acres and was part of a recent transaction.
Summary of transaction details
- Property Type: Industrial
- Transaction Date: 06/06/2021
- Address: S Dairy Ashford Rd
- Market: Sugar Land
- Acreage: 6.24
Mainna Investments, LP has acquired the property. The deal was facilitated by brokers John Ferruzzo and Nick Peterson from Transwestern.
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