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
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