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
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