Transwestern's Nick Peterson Sells 89,000 SF Warehouse In Houston
15800 Export Plaza Dr, Houston, TX...
Building Size
89,000 SF
Asset Type
Warehouse
Closing
Nov 22, 2023
AI
The warehouse property located at 15800 Export Plaza Dr in Houston, TX spans 89,000 square feet across four buildings. This asset was part of a larger transaction involving three warehouses totaling 198,663 square feet. The sellers were represented by Nick Peterson of Transwestern Real Estate Services. The buyer for this property remains undisclosed.
Summary of transaction details:
- Property Type: Warehouse
- Transaction Amount: Not disclosed
- Market: Houston
- Address: 15800 Export Plaza Dr, Houston, TX
- Square Footage: 89,000
- Seller's Rep: Nick Peterson (Transwestern)
Another property involved in the transaction is located at 11940 Brittmoore Park Drive, totaling 59,344 square feet. The third asset comprises 50,319 square feet on a 7.2-acre site at 7211 Gessner Road. Alongside Nick Peterson, John Ferruzzo also represented the sellers in all three deals. The buyers for these properties were not disclosed.
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