Updated Oct 29, 2024
Skyline Displays Leases 25000 Square Feet At 2524 Fairway Park Dr, Houston With David Munson's Representation
2524 Fairway Park Dr, Houston, TX, 7...
Building Size
25,000 SF
Asset Type
Industrial
Closing
Mar 23, 2017
About this deal
AI
2524 Fairway Park Dr in Houston is a 25,000 square foot industrial property located within the Houston market. The property has been leased by Skyline Displays of Houston.
Summary of transaction details:
- Property Type: Industrial Lease
- Transaction Amount: Not specified
- Address: 2524 Fairway Park Dr, Houston, TX
- Market: Houston
- Square Feet: 25,000
- Tenant: Skyline Displays of Houston
- Tenant's Representative: Geoff Perrott, Jeff Venghaus - JLL
- Landlord: FR Massachusetts 7
- Landlord's Representative: David Munson
This transaction involved the representation of the tenant by JLL’s Geoff Perrott and Jeff Venghaus. The landlord, FR Massachusetts 7, was represented by David Munson of Boyd Commercial.
On the Map
Industrial
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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