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7049 Brookhollow West Drive

STAG Industrial Holdings Leases 40,033-SF Industrial Space To Lindsey’s Office Furniture In Houston
LEASEDIndustrial

STAG Industrial Holdings Leases 40,033-SF Industrial Space To Lindsey’s Office Furniture In Houston

7049 Brookhollow West Drive

Building Size

40,033 SF

Asset Type

Industrial

Closing

Nov 22, 2024

AI

The property involved in this transaction is an industrial asset located at 7049 Brookhollow West Drive in Houston, with a total square footage of 40,033. The property features 26-foot clear heights and is part of a larger development totaling 108,000 square feet. The landlord is STAG Industrial Holdings.

Summary of transaction details:

Stream Realty Partners facilitated the lease transaction, securing the agreement between the landlord STAG Industrial Holdings and the tenant Lindsey’s Office Furniture. Boone Smith and Garret Geaccone represented the landlord, while Patrick Wolford represented the tenant in this deal.

Players

Patrick Wolford

Lee & Associates

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