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
- Property Type: Industrial
- Transaction Date: 07/19/2021
- Address: 606 West Rd, Houston
- Tenant: TricorBraun
- Tenant's Representative: Steve Schmid & Will Condrey - Cresa
- Landlord: Seefried Industrial Partners
- Landlord's Representatives: Kelly Landwermeyer, Craig Bean, & John Kruse - Holt Lunsford Commercial
- Market: Houston
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
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