Updated Dec 4, 2024
KidsTale Playgrounds Signs 162,790 SF Industrial Lease At Fairbanks Northwest Distribution Center In Houston
7810 Fairbanks North Houston Rd
Building Size
162,790 SF
Asset Type
Industrial
Closing
Nov 20, 2023
About this deal
AI
KidsTale Playgrounds has signed a 162,790-square-foot industrial lease at the Fairbanks Northwest Distribution Center in Houston. The lease includes the entire North Building of the center.
Summary of transation details
- Property Type: Industrial
- Transaction Amount: N/A
- Address: 7810 Fairbanks North Houston Road
- Market: Houston
- Square Footage: 162,790
The landlord for this industrial lease is Triten Real Estate Partners, represented by Scott Arnoldy. KidsTale Playgrounds is the tenant, with James Kazakavage signing the lease on their behalf. Allison Bergmann and Jim Foreman from Cushman & Wakefield acted as the landlord's representatives in the transaction. Brett Lewis from Lee & Associates represented KidsTale Playgrounds as their tenant's representative.
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