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5900 Brittmoore Rd, Houston...

Ideal Steel Leases 66000 Square Feet From Welcome Group At 5900 Brittmoore Rd Houston
LEASEDIndustrial

Ideal Steel Leases 66000 Square Feet From Welcome Group At 5900 Brittmoore Rd Houston

5900 Brittmoore Rd, Houston, TX, 770...

Building Size

66,000 SF

Asset Type

Industrial

Closing

Oct 4, 2016

AI

The transaction involves the lease of 66,000 square feet of industrial manufacturing space located at 5900 Brittmoore Rd, Houston, TX 770. This property is situated in the Houston market.

Summary of transaction details:

  • Property Type: Industrial Leasing
  • Transaction Amount: Not specified
  • Square Feet: 66,000
  • Tenant: Ideal Steel
  • Landlord: Welcome Group
  • Tenant's Representatives: Darren O’Conor - NAI Capital, Jake Wilkinson - NAI Capital
  • Landlord’s Representative: Ryan Wasaff

Darren O’Conor and Jake Wilkinson from NAI Capital represented Ideal Steel in this leasing transaction. Ryan Wasaff acted on behalf of the landlord, Welcome Group, to facilitate the deal.

Players

Ryan Wasaff

Welcome Group

Broker

9 deals

Broker
Welcome Group
Welcome GroupLandlord

Houston Industrial Market Snapshot

Boundary boundary · Industrial · Lease transactions

Loading comparables…

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