facebook

traded

+ Submit
Home

/

Deals

/

Texas

/

Industrial

/

Lease

/

9350 Baythorne Drive

Displayco USA Leases 17,055 SF Industrial Space In Houston's Baythorne Drive
LEASEDIndustrial

Displayco USA Leases 17,055 SF Industrial Space In Houston's Baythorne Drive

9350 Baythorne Drive

Building Size

17,055 SF

Asset Type

Industrial

Closing

Feb 12, 2024

AI

Displayco USA, a trade show and exhibit supplies provider, has leased a 17,055-square-foot industrial space at 9350 Baythorne Drive in northwest Houston. The lease transaction was negotiated by Jon Michael and Ed Bane of Bridge Commercial Real Estate on behalf of the landlord, TIAA, and George Montes of Cypressbrook Co. on behalf of Displayco USA.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: Not mentioned
  • Market: Houston
  • Square Footage: 17,055
  • Address: 9350 Baythorne Drive

This lease deal involves Thasunda Brown Duckett as the landlord, representing TIAA, and Trevor Packard as the tenant, representing Displayco USA. The landlord's representatives in the deal are Ed Bane and Jon Michael from Bridge Commercial Real Estate, while George Montes from Cypressbrook Co. serves as the tenant's representative.

Players

Ed Bane

Bridge Commercial

Broker

4 deals

Broker

Houston Industrial Market Snapshot

Boundary boundary · Industrial · Lease transactions

Loading comparables…

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