Christen Vestal Of Provident Realty Advisors Leases Industrial Space In Houston For 10 Years
5457 Allen Genoa Road
Building Size
162,180 SF
Asset Type
Industrial
Closing
Sep 23, 2025
AI
The property asset involved in this transaction is an industrial facility located at 5457 Allen-Genoa Road in Houston, with a total square footage of 162,180. This lease agreement is classified as a NNN Lease and has a duration of 10 years.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not specified
- Address: 5457 Allen-Genoa Road
- Market: Houston
- Lease Term: 10 Years
- Lease Type: NNN Lease
- Landlord: Christen Vestal - Provident Realty Advisors
- Landlord's Representatives: Austin Bartula, Robert McGee & Taylor Schmidt - Colliers
- Tenant's Representatives: David Munson & Garrett Thomas - Cushman & Wakefield
The transaction features key players including Christen Vestal representing the landlord, along with Austin Bartula, Robert McGee, and Taylor Schmidt from Colliers who acted as the landlord's representatives. The tenant's side was represented by David Munson and Garrett Thomas from Cushman & Wakefield, providing unique representation during the lease negotiation process.
Players
Houston Industrial Market Snapshot
Boundary boundary · Industrial · Lease transactions
Loading comparables…
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