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Wynnpark Drive

Colliers Leases 10,533 SF Industrial Space In Houston To Meredith O’Donnell Inc
LEASEDIndustrial

Colliers Leases 10,533 SF Industrial Space In Houston To Meredith O’Donnell Inc

Wynnpark Drive

Building Size

10,533 SF

Asset Type

Industrial

Closing

Jun 25, 2024

AI

An industrial property spanning 10,533 square feet located at 7420 Wynnpark Drive in Houston, Texas, was leased in a recent transaction. The asset type is industrial, and the deal involved Meredith O’Donnell Inc as the tenant.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: Not specified
  • Address: 7420 Wynnpark Drive, Houston, Texas
  • Market: Houston
  • Tenant: Meredith O’Donnell Inc
  • Landlord's Rep: Boone Smith - Stream Realty Partners
  • Tenant's Rep: Jeff Peltier & John Parsley - Colliers

Colliers played a significant role in securing the lease of the industrial space at 7420 Wynnpark Drive. Jeff Peltier and John Parsley represented Meredith O’Donnell Inc, the tenant, showcasing Colliers' ability to deliver tailored real estate solutions in Houston's competitive industrial market. Boone Smith from Stream Realty Partners acted as the landlord's representative in this transaction.

Players

Jeff Peltier

Colliers

Broker

5 deals

Broker

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