Owens & Minor Distribution Inc Leases 124044 Square Feet At 2700 Brittmoore Rd Houston
2700 Brittmoore Rd, Houston, TX 77043
Building Size
124,044 SF
Asset Type
Industrial
Closing
Nov 20, 2023
AI
The property involved in this transaction is located at 2700 Brittmoore Road in Houston, TX, with a total area of 124,044 square feet. The transaction pertains to an industrial lease renewal for Owens & Minor Distribution Inc., a healthcare solutions firm based in Virginia, in the Houston market.
Summary of transaction details:
- Property Type: Industrial Lease
- Transaction Amount: Not disclosed
- Address: 2700 Brittmoore Rd, Houston, TX, 770...
- Tenant: Owens & Minor Distribution Inc.
- Landlord: G&I IX Kempwood LLC
- Tenant's Representative: Jim Cooksey - Newmark
- Landlord's Representative: Stream Realty Partners
- Market: Houston
Jim Cooksey and Adam Faulk from Newmark Knight Frank acted as representatives for the tenant in the lease negotiations, while Stream Realty Partners represented the landlord, G&I IX Kempwood LLC, in this transaction.
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