Updated Oct 28, 2024
Transwestern Brokers Lease Deal For Industrial Property At 3900 Brittmoore Road In Houston Between Terracon Consultants And Landlords Brian Gammill & Darryl Noon
3900 Brittmoore Road, Houston, TX 77043
Building Size
65,925 SF
Asset Type
Industrial
Closing
Sep 19, 2021
About this deal
AI
The industrial property located at 3900 Brittmoore Road in Houston has been leased. The property spans an area of 65,925 square feet.
Summary of transaction details
- Property Type: Industrial
- Transaction Date: 09/19/2021
- Address: 3900 Brittmoore Road, Houston
- Tenant: Terracon Consultants
- Landlord's Representative: Brian Gammill & Darryl Noon - Transwestern
- Tenant's Representative: Jeff Venghaus - JLL
The lease transaction was facilitated by Jeff Venghaus of JLL, who represented Terracon Consultants, the tenant. On the other side, Brian Gammill and Darryl Noon of Transwestern represented the landlord in the deal.
On the Map
Industrial
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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