Unknown Purchases Property At 7211 Gessner Rd Houston TX With Seller's Rep John Ferruzzo Transwestern
7211 Gessner Rd, Houston, TX, 77040
Building Size
50,319 SF
Asset Type
Warehouse
Closing
Nov 20, 2023
AI
The property involved in this transaction is located at 7211 Gessner Rd, Houston, TX, 77040, consisting of a total square footage of 50,319. The property is part of the Houston market and is one of three warehouses that were sold in a series of transactions coordinated by Transwestern Real Estate Services.
Summary of transaction details:
- Property Type: Warehouse
- Transaction Amount: Unknown
- Address: 7211 Gessner Rd, Houston, TX, 77040
- Market: Houston
- Seller's Representative: John Ferruzzo-Transwestern
- Buyer: Unknown
- Seller: Unknown
- Square Footage: 50,319
In this transaction, John Ferruzzo of Transwestern Real Estate Services represented the seller. The specifics about the buyers remain undisclosed, paralleling details from the other property sales in this group, recorded by Nick Peterson and John Ferruzzo, who were involved in all three transactions.
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