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5825 Kelley St, Houston, TX...

BrandSafway Solutions LLC Leases 15000 Square Feet At 5825 Kelley St Houston TX
LEASEDIndustrial

BrandSafway Solutions LLC Leases 15000 Square Feet At 5825 Kelley St Houston TX

5825 Kelley St, Houston, TX, 77026

Building Size

15,000 SF

Asset Type

Industrial

Closing

Nov 19, 2023

AI

The property at 5825 Kelley St. in Houston, TX, is a 15,000-square-foot industrial lease. The asset was built in 2008 and is located in the northeast Houston market. The landlord for this property is Audie Gray Family LP.

Summary of transaction details:

  • Property Type: Industrial Lease
  • Transaction Amount: Not disclosed
  • Address: 5825 Kelley St, Houston, TX, 77026
  • Market: Houston
  • Landlord: Audie Gray Family LP
  • Landlord's Representative: David Munson
  • Tenant: BrandSafway Solutions LLC
  • Tenant's Representative: Taylor Schmidt and Reed Vestal of Lee & Associates

The lease negotiations for this transaction were facilitated by Taylor Schmidt and Reed Vestal, who represented BrandSafway Solutions LLC. David Munson acted on behalf of the landlord, Audie Gray Family LP, during the process.

Players

Taylor Schmidt

Colliers

Broker

$18M

vol

18 deals

Broker

Audie Gray

Audie Gray Family LP

Landlord

2 deals

Landlord
BL
BrandSafway Solutions LLCTenant

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