TRECAP Management Acquires Warehouse In Houston From H&B Development & Construction LP
12400 Taylor Road, Houston, TX, USA
Building Size
31,750 SF
Asset Type
Mixed-use
Closing
Jul 30, 2020
About this deal
AI
A warehouse located at 12400 & 12402 Taylor Road in Houston has been sold. The property, with a total area of 31,750 square feet, was sold on July 31, 2020. The transaction involved the sale of the warehouse.
Summary of transaction details
- Property Type: Warehouse
- Transaction Date: July 31, 2020
- Address: 12400 & 12402 Taylor Road, Houston
- Market: Houston
- Square Footage: 31,750
The seller of the warehouse was H&B Development & Construction LP, while the buyer was TRECAP Management. The deal was facilitated by Barrett Gibson and Jason Tangen, who represented both parties in the transaction. Barrett Gibson and Jason Tangen are brokers from Colliers International.
On the Map
Mixed-use
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Players
Houston Mixed-use Market Snapshot
Boundary boundary · Mixed-use · 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