Serious HP Renews Lease Of 9,750 SF Industrial Property In Houston
13014 Brittmoore Park Dr Houston, TX 77041, USA
Building Size
9,750 SF
Asset Type
Industrial
Closing
Jun 30, 2023
AI
Finial Group has facilitated the lease renewal of a 9,750-square-foot industrial property located at 13014 Brittmoore Park Drive in Houston. The property is being leased by Serious HP, an automotive parts and services provider.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: Not mentioned
- Address: 13014 Brittmoore Park Drive
- Market: Houston
- Square Footage: 9,750
The lease renewal was brokered by John Buckley and Doc Perrier, both representing Serious HP on behalf of Finial Group.
Players
Texas 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