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2524 Fairway Park Dr, Houst...

Skyline Displays Leases 25000 Square Feet At 2524 Fairway Park Dr, Houston With David Munson's Representation
LEASEDIndustrial

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

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.

Players

David Munson

Broker

9 deals

Broker
SD
Skyline DisplaysTenant

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