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7350 Denny, Houston, TX, USA

Intelligent Mexican Marketing Leases 42,000 SF Industrial Space In Houston
LEASEDIndustrial

Intelligent Mexican Marketing Leases 42,000 SF Industrial Space In Houston

7350 Denny, Houston, TX, USA

Building Size

42,000 SF

Asset Type

Industrial

Closing

Sep 19, 2021

AI

The recently closed lease transaction in Houston involved an industrial property located at 7350 Denny Road. The property spans approximately 42,000 square feet, making it a substantial asset in the market.

Summary of transaction details

The landlord's representatives involved in this transaction were Brian Gammill and Darryl Noon from Transwestern. On the other hand, Mike McElwee, representing Avison Young, acted as the tenant's representative. These key individuals and their respective companies played crucial roles in facilitating this lease deal.

Players

Mike McElwee

Hughes Marino

Broker

4 deals

Broker
Avison Young
Avison YoungBrokerage

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