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15120 Northwest Fwy, Housto...

NewSouth Window Solutions Leases Space From Blue Ridge Industrial At 15120 Northwest Fwy Houston
LEASEDIndustrial

NewSouth Window Solutions Leases Space From Blue Ridge Industrial At 15120 Northwest Fwy Houston

15120 Northwest Fwy, Houston, TX, 7...

Building Size

Asset Type

Industrial

Closing

Nov 19, 2023

AI

The property involved in this closed lease transaction is located at 15120 Northwest Fwy, Houston, TX, within the Houston market. The tenant for this space is NewSouth Window Solutions, and the landlord is Blue Ridge Industrial. The deal encompasses a space measuring 0 square feet.

Summary of transaction details:

This transaction highlights the involvement of key representatives in the deal. David Needle represents the tenant, while Jude Filippone, Brian Gammill, and Carter Thurmond from Transwestern represent the landlord. Their roles are pivotal to the execution of this lease agreement.

Players

Jude Filippone

Transwestern

Broker

7 deals

Broker
BI
Blue Ridge IndustrialLandlord
NS
NewSouth Window SolutionsTenant

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