Updated Oct 1, 2024
Lease Signed For 18471 Square Feet At 5825 West Sam Houston Pkwy N In Houston
5825 West Sam Houston Pkwy N, Hou...
Building Size
18,471 SF
Asset Type
Industrial
Closing
Jan 3, 2019
About this deal
AI
The lease involves an industrial space located at 5825 West Sam Houston Pkwy N, Houston, covering an area of 18,471 square feet within Four Seasons Business Park. The specific details of the landlord are not disclosed, and the market is Houston.
Summary of transation details:
- Property Type: Industrial Lease
- Transaction Amount: Not disclosed
- Landlord's Representative: Jack Gaffney - Finial Group
- Tenant: Interwell US LLC
- Tenant's Representative: Not disclosed
Jack Gaffney of Finial Group successfully represented the landlord in the lease renewal negotiations. The tenant, Interwell US LLC, provides services to the upstream side of the oil and gas industry, although further details about their representative were not provided.
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