Updated May 21, 2025
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
About this deal
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.
On the Map
Industrial
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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