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5825 Kelley St, Houston, TX...

BrandSafway Solutions LLC Leases 15,000 SF Industrial Space At 5825 Kelley Street In Trinity - Houston Gardens, Houston
LEASEDIndustrial

BrandSafway Solutions LLC Leases 15,000 SF Industrial Space At 5825 Kelley Street In Trinity - Houston Gardens, Houston

5825 Kelley St, Houston, TX 77026, USA

Building Size

150,000 SF

Asset Type

Industrial

Closing

Jun 7, 2020

AI

The industrial property located at 5825 Kelley Street in Houston has recently been leased. The property, measuring 15,000 square feet, is situated in the Trinity – Houston Gardens market.

Summary of transaction details:

  • Property Type: Industrial
  • Tenant: BrandSafway Solutions LLC – Bill Hayes
  • Landlord: Audie Gray Family LP
  • Broker: Lee & AssociatesTaylor Schmidt & Reed Vestal, Boyd Commercial – David Munson
  • Address: 5825 Kelley Street, Houston
  • Market: Trinity – Houston Gardens

BrandSafway Solutions LLC, represented by Bill Hayes, has leased the 15,000 square foot industrial property at 5825 Kelley Street in Houston. The landlord, Audie Gray Family LP, facilitated the lease transaction. The lease deal was negotiated by the brokers Lee & Associates, represented by Taylor Schmidt and Reed Vestal, and Boyd Commercial, represented by David Munson.

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