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10401 South Sam Houston Par...

Wenaas Workwear USA Leases 45000 SF Industrial Space From STAG Industrial In Houston
LEASEDIndustrial

Wenaas Workwear USA Leases 45000 SF Industrial Space From STAG Industrial In Houston

10401 South Sam Houston Parkway West

Building Size

45,000 SF

Asset Type

Industrial

Closing

Apr 22, 2025

AI

The industrial property located at 10401 South Sam Houston Parkway West encompasses a substantial area of 45,000 square feet. Situated in the Houston market, this asset is leased by Wenaas Workwear USA to fulfill their operational requirements.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: Not provided
  • Address: 10401 South Sam Houston Parkway West
  • Market: Houston
  • Landlord: William R. Crooker - STAG Industrial
  • Tenant: Wenaas Workwear USA
  • Landlord's Representative: Boone Smith & Garret Geaccone - Stream Realty Partners
  • Tenant's Representative: Cole Bercher - Welcome Group

The transaction involved notable representatives from both sides, with Boone Smith and Garret Geaccone from Stream Realty Partners representing the landlord, STAG Industrial. Cole Bercher of Welcome Group acted as the representative for the tenant, Wenaas Workwear USA, facilitating the lease agreement.

Players

Cole Bercher

Welcome Group

Broker

7 deals

Broker
William R. Crooker

William R. Crooker

Stag Industrial

Landlord

$107.6M

vol

6 deals

Landlord

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