Updated Aug 5, 2025
LEASEDIndustrial
Fashion Wheels Inc Renews 33,376 Square Foot Industrial Lease With Landlord PGIM Real Estate In Houston
7108 Old Katy Road
Building Size
33,376 SF
Asset Type
Industrial
Closing
Jul 31, 2025
About this deal
AI
The property involved in the transaction is located at 7108 Old Katy Road in Houston, categorized as an industrial asset. It encompasses a square footage of 33,376 and is part of a larger property totaling 192,960 square feet owned by PGIM Real Estate.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not specified
- Address: 7108 Old Katy Road
- Market: Houston
- Landlord: Jacques Chappuis - PGIM Real Estate
- Tenant: Fashion Wheels Inc
- Landlord's Representative: Faron Wiley - CBRE
- Tenant's Representative: Chase McAteer - Oxford Partners
On the Map
Industrial
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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