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
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