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8828 Taub Road, Houston, TX...

Freeway Logistics Signs Lease For Industrial Space At 8828 Taub Road In Houston
LEASEDIndustrial

Freeway Logistics Signs Lease For Industrial Space At 8828 Taub Road In Houston

8828 Taub Road, Houston, TX 77064

Building Size

97,440 SF

Asset Type

Industrial

Closing

Jun 6, 2020

AI

Freeway Logistics has recently leased an industrial property located at 8828 Taub Road in Houston. The property has a total area of 97,440 square feet and falls under the industrial asset type category. The lease transaction was completed on June 6, 2021, with Brian Gammill, Darryl Noon, Jude Filippone, and Carter Thurmond from Transwestern representing Freeway Logistics in the deal.

Summary of transaction details

The lease agreement for the industrial property on Taub Road in Houston was successfully facilitated by Brian Gammill, Darryl Noon, Jude Filippone, and Carter Thurmond, who represented Freeway Logistics during the negotiation process.

Players

Jude Filippone

Transwestern

Broker

7 deals

Broker

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