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
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