Direct Air Flow Distributors Leases 13200 Square Feet Industrial Space In Montgomery From Kudzu Construction
18904 Freeport Drive
Building Size
13,200 SF
Asset Type
Industrial
Closing
Aug 29, 2024
AI
Direct Air Flow Distributors has leased an industrial space measuring 13,200 square feet located at 18904 Freeport Drive in Montgomery. This area is positioned 55 miles north of Houston, catering to the industrial market.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not specified
- Address: 18904 Freeport Drive
- Market: Montgomery
- Landlord: Kudzu Construction & Development
- Tenant: Direct Air Flow Distributors
- Landlord's Representative: Braedon Emde & Travis Land - Partners Real Estate
- Tenant's Representative: Griffin Rich - Newmark
In this transaction, Travis Land and Braedon Emde of Partners Real Estate represented the landlord, Kudzu Construction & Development, while Griffin Rich of Newmark represented the tenant, Direct Air Flow Distributors, facilitating the leasing process.
Players
Montgomery 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