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515 Post Oak Boulevard, Hou...

Custom Goods LLC Leases 353,600 SF Industrial Space At 515 Post Oak Blvd Houston With Barry Hill & Doug Nicholson Representing The Tenant And Justin Robinson & Woody Hillyer Representing The Landlord
LEASEDIndustrial

Custom Goods LLC Leases 353,600 SF Industrial Space At 515 Post Oak Blvd Houston With Barry Hill & Doug Nicholson Representing The Tenant And Justin Robinson & Woody Hillyer Representing The Landlord

515 Post Oak Boulevard, Houston, TX, USA

Building Size

353,600 SF

Asset Type

Industrial

Closing

Jun 15, 2021

AI

The industrial property located at 515 Post Oak Blvd in Houston has been leased. The property spans 353,600 square feet and is owned by Principal Real Estate Investors.

Summary of transaction details:

Barry Hill and Doug Nicholson from Newmark represented the tenant, Custom Goods LLC, in the lease transaction. Justin Robinson and Woody Hillyer from Stream Realty Partners represented the landlord, Principal Real Estate Investors.

Players

Justin Robinson

Stream Realty Partners⁠

Broker

6 deals

Broker
Principal Real Estate Investors
Principal Real Estate InvestorsLandlord

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