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11940 Brittmoore Park Dr, H...

Transwestern Sells 59,344 SF Warehouse In Houston By Buyer Undisclosed
SOLDWarehouse

Transwestern Sells 59,344 SF Warehouse In Houston By Buyer Undisclosed

11940 Brittmoore Park Dr, Houston, T...

Building Size

59,344 SF

Asset Type

Warehouse

Closing

Nov 22, 2023

AI

The warehouse property at 11940 Brittmoore Park Drive in Houston was part of a sale transaction negotiated by Transwestern Real Estate Services (TRS). The property spans 59,344 square feet and was one of three warehouses totaling 198,663 square feet sold by TRS. Nick Peterson and John Ferruzzo of TRS represented the sellers in the transactions, while the buyers remain undisclosed.

Summary of transaction details:

  • Property Type: Warehouse
  • Transaction Amount: Not disclosed
  • Address: 11940 Brittmoore Park Dr, Houston, TX
  • Market: Houston
  • Seller's Rep: Nick Peterson (Transwestern)
  • Buyer: Unknown
  • SF: 59,344

The sale of the warehouse at 11940 Brittmoore Park Drive was part of a larger deal involving two other warehouse properties in Houston. The sellers were represented by Nick Peterson and John Ferruzzo of TRS in all three transactions, with the buyers opting to remain undisclosed. The sale of these warehouses highlights TRS's strong presence and expertise in the Houston commercial real estate market.

Players

Nick Peterson

Transwestern

Broker

$9.4M

vol

8 deals

Broker

Houston Warehouse Market Snapshot

Boundary boundary · Warehouse · 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