Berry Cos. Leases Industrial Space In Brenham With George Montes Representing Tenant
3265 US Highway 290 West
Building Size
—
Asset Type
Industrial
Closing
Mar 12, 2024
AI
An industrial lease for a 12,000-square-foot property located at 3265 US Highway 290 in Brenham, Texas, has been successfully transacted. The deal involved Lindi Braddock from Coldwell Banker Properties Unlimited representing the landlord and George Montes from Cypressbrook Co. representing the tenant, Berry Cos.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not specified
- Address: 3265 US Highway 290
- Market: Brenham
- Tenant: Steve Meadows - Berry Cos.
- Landlord's Rep: Lindi Braddock - Coldwell Banker Properties Unlimited
- Tenant's Rep: George Montes - Cypressbrook Co.
Cypressbrook Co. played a significant role in brokering this industrial lease deal at 3265 US Highway 290. George Montes, representing Berry Cos., and Lindi Braddock, representing the landlord, were key figures ensuring the successful completion of this transaction.
Brenham 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