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7930 Blankenship Drive⁠

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

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

Nick Peterson

Broker

7 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