Buffalo Industries Leases 60,000 SF Industrial Space At 6311 Brookhill Drive In Houston With Landlord's Rep Ed Bane - Bridge Commercial Real Estate And Tenant's Rep Joel Michael - NAI Partners
6311 Brookhill Drive, Houston, TX 77087, USA
Building Size
60,000 SF
Asset Type
Industrial
Closing
Jun 19, 2020
AI
Located at 6311 Brookhill Drive in Houston, this industrial property covers an area of 60,000 square feet. The lease transaction for this asset was completed on June 19, 2021. Buffalo Industries is the tenant for this property.
Summary of transaction details
- Property Type: Industrial
- Tenant: Buffalo Industries
- Date: 06/19/2021
- Address: 6311 Brookhill Drive
- Market: Houston
- SF: 60,000
The landlord's representative in this transaction was Ed Bane from Bridge Commercial Real Estate, while Buffalo Industries was represented by Joel Michael from NAI Partners.
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