Niche Importing Group Renews 13,400 SF Industrial Lease On N Post Oak Rd
1499 N Post Oak Rd, Houston, TX, 770...
Building Size
13,400 SF
Asset Type
Industrial
Closing
Nov 22, 2023
AI
The industrial property located at 1499 N Post Oak Rd in Houston, TX, spans 13,400 square feet and features 16-foot clear heights. Recently renovated, this property served as the location for the lease renewal brokered by NAI Partners for Niche Importing Group LLC.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not disclosed
- Market: Houston
- Landlord's Representative: Shaffer Braun (NAI Capital)
- Tenant: Niche Importing Group LLC
- Square Feet: 13,400
Shaffer Braun of NAI Partners represented the undisclosed landlord throughout the negotiation process, ensuring a successful lease renewal for the property at 1499 N. Post Oak Road. Niche Importing Group LLC, specializing in connecting U.S. wholesalers and retailers with Asian manufacturers, found a renewed leasing opportunity in this recently renovated industrial space.
Players
Houston Industrial Market Snapshot
Boundary boundary · Industrial · Lease transactions
Loading comparables…
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