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11330 Tanyard Creek Dr

Updated Dec 4, 2024

Olympia Tools International Leases 95288 Square Feet In Houston From Landlord Hillwood
LEASEDIndustrial

Olympia Tools International Leases 95288 Square Feet In Houston From Landlord Hillwood

11330 Tanyard Creek Dr

Building Size

95,288 SF

Asset Type

Industrial

Closing

Sep 5, 2024

About this deal

AI

The property asset involved in the transaction is an industrial facility located at 11330 Tanyard Creek Drive in northwest Houston. It encompasses a total square footage of 95,288 and is part of the Pinnacle Logistics Park. The landlord of the property is Hillwood.

Summary of transaction details:

The leasing deal was executed by Olympia Tools International, securing the space for their operations. Stream Realty Partners’ brokers, Tyler Maner, Wes Hunnicutt, Matt Moore, and Will Mason represented the tenant in this transaction, while Jeremy Lumbreras and Heath Donica acted on behalf of the landlord, Hillwood.

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Industrial

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Players

Tyler Maner

Stream Realty Partners⁠

Broker

14 deals

Broker
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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

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