Updated Mar 11, 2025
Ideal Steel Inc Leases Industrial Space At 5900 Brittmoore Road In Houston With Tenant's Rep NAI Partners
5900 Brittmoore Road, Houston, Texas 77041, United States
Building Size
66,500 SF
Asset Type
Industrial
Closing
May 11, 2022
About this deal
AI
On May 12, 2022, a lease transaction took place for an industrial property located at 5900 Brittmoore Road in Houston. The property spans approximately 66,500 square feet.
Summary of transaction details:
- Property Type: Industrial
- Transaction Date: 05/12/2022
- Address: 5900 Brittmoore Road, Houston
- Square Footage: 66,500 SF
The landlord for this lease transaction was Welcome Group, while Ideal Steel Inc acted as the tenant. Representing the landlord was Brad Berry and Ryan Wasaff from Welcome Group, and representing the tenant was Jake Wilkinson and Darren O’Conor from NAI Partners.
On the Map
Industrial
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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