LEASEDIndustrial
Bellow, LLC Leases 25,000 SF Industrial Space In NW Houston From Morman Investments With Brokers Patrick McKiernan & William Byrd - FH Properties
10950 Brittmoore Park Drive, Houston, Texas 77041, United States
Building Size
25,000 SF
Asset Type
Industrial
Closing
Dec 13, 2021
AI
An industrial property located at 10950 Brittmoore Park in NW Houston has recently been leased. The lease transaction took place on December 13, 2021.
Summary of transaction details
- Property Type: Industrial
- Address: 10950 Brittmoore Park, NW Houston
- Market: NW Houston
- Landlord: Morman Investments
- Tenant: Bellow, LLC
- Brokers: Patrick McKiernan & William Byrd - FH Properties
- Asking Rent: $9/ft.
- Square Footage: 25,000 SF
- Lease Type: NNN Lease
The property, leased by Bellow, LLC, is owned by Morman Investments. The lease deal was facilitated by brokers Patrick McKiernan and William Byrd of FH Properties.
Players
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