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7810 Fairbanks North Housto...

KidsTale Playgrounds Signs 162,790 SF Industrial Lease At Fairbanks Northwest Distribution Center In Houston
LEASEDIndustrial

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

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.

Players

Brett Lewis

Lee & Associates

Broker

16 deals

Broker

Scott Arnoldy

Triten Real Estate Partners

Landlord

$150M

vol

8 deals

Landlord

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