Updated Dec 19, 2023
LEASEDIndustrial
James Mashni & Patrick McKiernan Acquires Industrial Property In Houston
3131 Pawnee, Houston, Texas 77054, United States
Building Size
65,000 SF
Asset Type
Industrial
Closing
May 31, 2022
About this deal
AI
An industrial property located at 3131 Pawnee St in Houston has been leased. The property spans approximately 65,000 square feet and was leased for an asking rent of $6 per square foot.
Summary of transaction details
- Property Type: Industrial
- Date: 06/01/2022
- Address: 3131 Pawnee St
- Market: Houston
- Tenant's Rep: James Mashni & Patrick McKiernan - First Houston Properties
- Asking Rent: $6 per square foot
James Mashni and Patrick McKiernan from First Houston Properties represented the tenant in this lease 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