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
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:
- Property Type: Industrial
- Transaction Amount: Not disclosed
- Address: 11330 Tanyard Creek Drive
- Market: Houston
- Landlord: Hillwood
- Tenant: Olympia Tools International
- Brokers: Heath Donica, Jeremy Lumbreras, Matthew Moore, Tyler Maner, Wes Hunnicutt & Will Mason - Stream Realty Partners
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.
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