NVntori Signs 300,000 Square Foot Industrial Lease At 9255 Railwood Drive In Houston
9255 Railwood Drive
Building Size
300,000 SF
Asset Type
Industrial
Closing
Oct 18, 2024
AI
The property asset involved in the transaction is located at 9255 Railwood Drive in Houston. This industrial asset encompasses a total square footage of 300,000, indicating a significant size suitable for logistics and supply chain operations.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not disclosed
- Address: 9255 Railwood Drive
- Market: Houston
- Landlord: David Luski - DRA Advisors
- Tenant: nVntori
- Landlord's Representative: Boone Smith & Garret Geaccone - Stream Realty Partners
- Tenant's Representative: Kent Willis - Colliers
- Lease Type: Full-building lease
The deal involved David Luski representing DRA Advisors as the landlord, while nVntori, a logistics and supply chain solutions provider, was represented by Kent Willis from Colliers. Boone Smith and Garret Geaccone from Stream Realty Partners played a crucial role in negotiating on behalf of the landlord during the lease agreement for this large industrial space.
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