Updated Dec 4, 2024
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
About this deal
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.
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