Updated Nov 28, 2024
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
About this deal
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