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
- Property Type: Industrial
- Transaction Amount: N/A
- Address: 8828 Taub Road
- Market: Houston
- Tenant: Freeway Logistics
- Brokers: Brian Gammill, Darryl Noon, Jude Filippone, and Carter Thurmond - Transwestern
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
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