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2700 Brittmoore Rd, Houston...

Owens & Minor Distribution Inc Leases 124044 Square Feet At 2700 Brittmoore Rd Houston
LEASEDIndustrial

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

Jim Cooksey

Newmark

Broker

5 deals

Broker

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