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1537 Greengrass Drive

JC Zora LLC Signs 27,021 SF Industrial Lease At 1537 Greengrass Drive In Houston
LEASEDIndustrial

JC Zora LLC Signs 27,021 SF Industrial Lease At 1537 Greengrass Drive In Houston

1537 Greengrass Drive

Building Size

27,021 SF

Asset Type

Industrial

Closing

May 16, 2025

AI

The property involved in this transaction is an industrial asset located at 1537 Greengrass Drive in northwest Houston. It encompasses a total square footage of 27,021. The market for this property is identified as Houston.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: Not disclosed
  • Address: 1537 Greengrass Drive
  • Market: Houston
  • Square Footage: 27,021
  • Landlord: Kenneth E. Aboussie Jr. & John A. Kiltz - Stonelake Capital Partners
  • Tenant: JC Zora LLC
  • Landlord's Representative: Boone Smith & Jeremy Lumbreras - Stream Realty Partners
  • Tenant's Representative: David Holland - JLL

JC Zora LLC has signed a lease agreement for the specified square footage at the aforementioned address. The landlord, represented by Boone Smith and Jeremy Lumbreras from Stream Realty Partners, and the tenant, represented by David Holland from JLL, finalized this transaction on 05/16/2025.

Players

Jeremy Lumbreras

Stream Realty Partners⁠

Broker

16 deals

Broker
Stonelake Capital Partners
Stonelake Capital PartnersLandlord

John A. Kiltz

Stonelake Capital Partners

Landlord

$44.3M

vol

4 deals

Landlord

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