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10606 Hempstead Rd, Houston...

Stream Realty Facilitates Industrial Leases In Houston's Fairway Business Park
LEASEDCommercial

Stream Realty Facilitates Industrial Leases In Houston's Fairway Business Park

10606 Hempstead Rd, Houston, TX, 7...

Building Size

2,865 SF

Asset Type

Commercial

Closing

Nov 22, 2023

AI

The property involved is an industrial lease located at 10606 Hempstead Road in Houston, TX. The lease encompasses 2,865 square feet and was signed by Ordinary Concepts at Fairway Business Park. The landlord, Brennan Investment Group, was represented by William Carpenter of Stream Realty Partners in this transaction.

Summary of transaction details:

  • Property Type: Commercial
  • Transaction Amount: Not specified
  • Landlord's Representative: William Carpenter (Stream Realty Partners)
  • Tenant: Ordinary Concepts

The lease deal also involved Garret Geaccone from Stream Realty Partners, who collaborated with William Carpenter to represent Brennan Investment Group in the transaction. This leasing arrangement at Fairway Business Park highlights the strategic involvement of key individuals in finalizing the agreement.

Players

William Carpenter

Stream Realty Partners⁠

Broker

7 deals

Broker
Brennan Investment Group
Brennan Investment GroupLandlord

Houston Commercial Market Snapshot

Boundary boundary · Commercial · Lease 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