Reservoir Metrics Leases 14,761 SF Industrial Space In Houston's CBD-NW Inner Loop
6767 Portwest Drive
Building Size
14,761 SF
Asset Type
Industrial
Closing
May 1, 2023
AI
The lease transaction involved a 14,761 square foot industrial property located at 6767 Portwest Drive in Houston. The property is situated in Houston's CBD-NW Inner Loop submarket.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not specified
- Address: 6767 Portwest Drive
- Market: Houston
- Tenant: Reservoir Metrics
- Landlord: Buchanan Street Partners
Dylan Stiteler from Oxford Partners represented the tenant, Reservoir Metrics, in this lease transaction. Jude Fillipone with Transwestern represented the landlord, Buchanan Street Partners.
Players
Market 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