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7930 Blankenship Dr, Housto...

TAXA Outdoors Leases 69356 Square Feet From ProLogis At 7930 Blankenship Dr Houston
LEASEDIndustrial

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

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:

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.

Players

John Ferruzzo

KBC Advisors

Broker

16 deals

Broker
Prologis
PrologisBrokerage
Prologis
PrologisLandlord

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