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:
- Property Type: Industrial
- Transaction Amount: Not specified
- Address: 7049 Brookhollow West Drive
- Market: Houston
- Landlord: STAG Industrial Holdings
- Tenant: Lindsey’s Office Furniture
- Landlord's Rep: Boone Smith & Garret Geaccone - Stream Realty Partners
- Tenant's Rep: Patrick Wolford - Lee & Associates
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
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