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606 West Road, Houston, TX,...

TricorBraun Leases Industrial Space At 606 West Rd In Houston
LEASEDIndustrial

TricorBraun Leases Industrial Space At 606 West Rd In Houston

606 West Road, Houston, TX, USA

Building Size

70,106 SF

Asset Type

Industrial

Closing

Jul 18, 2021

AI

The industrial property located at 606 West Rd in Houston has been leased. The property spans 70,106 square feet and is owned by Seefried Industrial Partners.

Summary of transation details

The lease transaction for the industrial property at 606 West Rd was facilitated by Steve Schmid and Will Condrey from Cresa, who represented TricorBraun. The landlord, Seefried Industrial Partners, was represented by Kelly Landwermeyer, Craig Bean, and John Kruse from Holt Lunsford Commercial.

Players

Craig Bean

Transwestern

Broker

5 deals

Broker

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