Updated Nov 28, 2024
TAXA Outdoors Leases 69356 Square Feet From ProLogis At 7930 Blankenship Dr Houston
7930 Blankenship Dr, Houston, TX 77055
Building Size
69,356 SF
Asset Type
Industrial
Closing
Nov 20, 2023
About this deal
AI
The property asset involved in this transaction is located at 7930 Blankenship Drive in northwest Houston, Texas. The lease spans a total of 69,356 square feet within a full-building industrial space. The facility, built in 1970, includes features such as 22-foot clear heights, over 10,000 square feet of office space, fenced truck courts, and outside storage capacity.
Summary of transaction details:
- Property Type: Industrial Lease
- Transaction Amount: Not disclosed
- Tenant: TAXA Outdoors
- Landlord: ProLogis
- Tenant's Representatives: Geoff Perrott - JLL, Jeff Venghaus - JLL
- Landlord's Representatives: Nick Peterson - Transwestern, John Ferruzzo - Transwestern
- Market: Houston
Geoff Perrott and Jeff Venghaus from JLL represented TAXA Outdoors during the lease negotiations. On the other side, the landlord, ProLogis, was represented by Nick Peterson and John Ferruzzo from Transwestern.
On the Map
Industrial
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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