Updated Oct 29, 2024
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
About this deal
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.
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Commercial
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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