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:
- Property Type: Industrial
- Tenant: Custom Goods LLC
- Tenant's Representative: Barry Hill & Doug Nicholson - Newmark
- Landlord: Principal Real Estate Investors
- Landlord's Representative: Justin Robinson & Woody Hillyer - Stream Realty Partners
- Square Footage: 353,600
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
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