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12400 Taylor Road, Houston,...

TRECAP Management Acquires Warehouse In Houston From H&B Development & Construction LP
SOLDMixed-use

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

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.

Players

Barrett Gibson

Colliers

Broker

8 deals

Broker
HC
H&B Development & ConstructionSeller

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