Finial Group Brokers Industrial Lease For Womack Machine Supply Co. In Houston
8707 Fallbrook Drive
Building Size
10,000 SF
Asset Type
Industrial
Closing
May 28, 2024
AI
An industrial lease for 10,000 square feet was brokered by Finial Group at 8707 Fallbrook Drive in northwest Houston. The property is now occupied by Womack Machine Supply Co.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not disclosed
- Address: 8707 Fallbrook Drive
- Market: Houston
- Tenant: Matt Oldroyd - Womack Machine Supply Co.
- Brokers: Jack Gaffney & Andrew Bischoff - Finial Group
Jack Gaffney and Andrew Bischoff, of Finial Group, represented the undisclosed landlord in the industrial lease deal at 8707 Fallbrook Drive. The tenant, Womack Machine Supply Co., was represented by Matt Oldroyd.
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