LEASEDIndustrial
James Mashni & Patrick McKiernan Of First Houston Properties Lease 106,133 SF Industrial Property At 7409 Cayuga Street In Houston
7409 Cayuga Street
Building Size
106,133 SF
Asset Type
Industrial
Closing
Jan 12, 2024
AI
An industrial property located at 7409 Cayuga Street in Houston has been leased. The property has a total area of 106,133 square feet, making it suitable for various industrial purposes.
Summary of transaction details
- Property Type: Industrial
- Transaction Date: 01/12/2024
- Address: 7409 Cayuga Street
- Market: Houston
- Size: 106,133 square feet
The lease deal was facilitated by James Mashni and Patrick McKiernan, representing First Houston Properties.
Players
Houston Industrial Market Snapshot
Boundary boundary · Industrial · Lease transactions
Loading comparables…
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