LEASEDIndustrial
TAXA Outdoors Leases 69,356 SF Industrial Space In Houston
7930 Blankenship Drive
Building Size
69,356 SF
Asset Type
Industrial
Closing
Nov 11, 2020
AI
The lease transaction for an industrial property in Houston has been completed. The property, located at 7930 Blankenship Drive, spans 69,356 square feet.
Summary of transaction details
- Property Type: Industrial
- Tenant: TAXA Outdoors
- Landlord: Prologis
- Brokers: Nick Peterson & John Ferruzzo - Transwestern
TAXA Outdoors is the tenant for this industrial property. The landlord in this transaction is Prologis. The deal was facilitated by brokers Nick Peterson and John Ferruzzo of Transwestern.
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