Dayton Street Partners Acquires Industrial Property At 5800 Mesa Drive In Houston, TX

5800 Mesa Drive, Houston, Texas 77028, United States

Building Size

500,000 SF

Asset Type

Industrial

Closing

May 8, 2022

AI

Dayton Street Partners has recently leased an industrial property located at 5800 Mesa Drive in Houston. The property spans approximately 500,000 square feet and is situated in the Houston market.

Summary of transaction details:

Property Type: Industrial
Transaction Amount: Lease
Date: 05/09/2022
Address: 5800 Mesa Drive, Houston

Howard Wedren was the representative for Dayton Street Partners in this lease agreement.

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