Action Stainless Leases 105300 SF Industrial Space At 10111 Houston Oaks Drive In Houston
10111 Houston Oaks Dr
Building Size
105,300 SF
Asset Type
Industrial
Closing
Dec 2, 2024
AI
The property involved in this transaction is an industrial asset located at 10111 Houston Oaks Drive, Houston. The facility spans 105,300 square feet and consists of two buildings situated in the northwest Houston area.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not specified
- Square Footage: 105,300 SF
- Address: 10111 Houston Oaks Drive
- Market: Houston
- Tenant: Action Stainless
- Brokers: Andrew Bischoff & Jack Gaffney - Finial Group
The leasing transaction was facilitated by brokers Andrew Bischoff and Jack Gaffney from Finial Group, who represented the landlord in the deal. Action Stainless is the tenant taking possession of the leased space.
Houston Industrial Market Snapshot
Boundary boundary · Industrial · 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