Updated Dec 4, 2024
Patrick McKiernan & Joseph Sturek Complete NNN Lease For 66,101 SF Industrial Property In Houston
5728 North Eldridge Parkway
Building Size
66,101 SF
Asset Type
Industrial
Closing
Sep 1, 2024
About this deal
AI
The property asset involved in this transaction is an industrial space located at 5728 North Eldridge Parkway in Houston, featuring a total square footage of 66,101. The lease type is classified as a NNN lease.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not specified
- Address: 5728 North Eldridge Parkway
- Market: Houston
- Square Footage: 66,101
- Lease Type: NNN Lease
The brokers who represented this transaction are Patrick McKiernan and Joseph Sturek from First Houston Properties, facilitating the lease for the specified industrial asset.
On the Map
Industrial
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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