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7108 Old Katy Road

Fashion Wheels Inc Renews 33,376 Square Foot Industrial Lease With Landlord PGIM Real Estate In Houston
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

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
oxford partners pgim real estate emphasizing their roles in leasing agreement.>

Players

Faron Wiley

CBRE

Broker

$42M

vol

4 deals

Broker
CBRE
CBREBrokerage

Jacques Chappuis

PGIM

Landlord

$3.2B

vol

17 deals

Landlord
PGIM
PGIM Landlord

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