L&M Installation Solutions Leases Industrial Space In Houston's NW With Tenant's Rep Preston Yaggi
475 W 38th St, Houston, TX, 77018
Building Size
6,000 SF
Asset Type
Industrial
Closing
Apr 25, 2017
AI
The industrial property at 475 West 38th St in Houston, TX, with a size of 6000 square feet, was recently leased to L&M Installation Solutions. The tenant was represented by Preston Yaggi from Lee & Associates, while the landlord, ProLogis, was represented by Allison Bergman and Baeu Kaleel.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not Available
- Address: 475 W 38th St, Houston, TX, 77018
- Market: Houston
- Tenant: L&M Installation Solutions
- Tenant's Rep: Preston Yaggi (Lee & Associates)
- Landlord: ProLogis
- Square Feet: 6000
Preston Yaggi from Lee & Associates played a crucial role in representing L&M Installation Solutions in the leasing transaction. On the other side, Allison Bergman and Baeu Kaleel, also from Lee & Associates, represented the landlord, ProLogis. This deal highlights the collaborative efforts of these key individuals and companies in the Houston industrial real estate market.
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