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15800 Export Plaza Dr, Hous...

Transwestern's Nick Peterson Sells 89,000 SF Warehouse In Houston
SOLDWarehouse

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

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