Updated Dec 4, 2024
Sunday Riley Modern Skincare Leases 97,222 Square Feet From Bentall GreenOak In Houston
11720 N Gessner Rd
Building Size
97,222 SF
Asset Type
Industrial
Closing
Sep 4, 2024
About this deal
AI
The property asset involved in this transaction is an industrial asset located at 11720 North Gessner Road, encompassing a total area of 97,222 square feet within a 155,400-square-foot building that was constructed in 2014, situated in the Houston market.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not specified
- Address: 11720 North Gessner Road
- Market: Houston
- Landlord: Bentall GreenOak
- Brokers: Jeremy Lumbreras & William Carpenter - Stream Realty Partners
Sunday Riley Modern Skincare has negotiated directly for the lease of the space. William Carpenter and Jeremy Lumbreras represented the interests of Bentall GreenOak in this transaction.
On the Map
Industrial
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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