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 & Associates – Taylor 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
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