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9255 Railwood Drive

NVntori Signs 300,000 Square Foot Industrial Lease At 9255 Railwood Drive In Houston
LEASEDIndustrial

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

Boone Smith

Stream Realty Partners⁠

Broker

12 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