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:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 15120 Northwest Fwy, Houston, TX
- Market: Houston
- Tenant: NewSouth Window Solutions
- Landlord: Blue Ridge Industrial
- Tenant's Representative: David Needle
- Landlord's Representatives: Jude Filippone, Brian Gammill, Carter Thurmond - Transwestern
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
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