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309 Aldine Bender Road

Durastone Corporation Leases Industrial Space At 309 Aldine Bender Road Houston For NNN Lease
LEASEDIndustrial

Durastone Corporation Leases Industrial Space At 309 Aldine Bender Road Houston For NNN Lease

309 Aldine Bender Road

Building Size

112,710 SF

Asset Type

Industrial

Closing

Mar 31, 2026

AI

The property involved in this transaction is located at 309 Aldine Bender Road in the Houston market, categorized as an industrial asset. The lease type for this transaction is a NNN lease.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: Not specified
  • Address: 309 Aldine Bender Road
  • Market: Houston
  • Landlord: Christen Vestal & Christen Vestal - Provident
  • Tenant: Durastone Corporation
  • Landlord's Rep: Joseph Berwick - JLL
  • Tenant's Rep: Derick Perkins & Kyle Fischer - Alpine Partners

Joseph Berwick, representing the landlord, facilitated the lease transaction, while Derick Perkins and Kyle Fischer represented the tenant, Durastone Corporation, in the same deal. This transaction emphasizes the collaboration of key individuals in the real estate leasing process.

Players

Kyle Fischer

Alpine Partners

Broker

$2.1M

vol

14 deals

Broker
Providential Realty Group
Providential Realty GroupLandlord

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