Goodman Manufacturing Co. Leases 494,000 SF Industrial Space In Houston
9626 Fallbrook Pines, Houston, TX, USA
Building Size
494,000 SF
Asset Type
Industrial
Closing
Sep 7, 2021
AI
This industrial property, located at 9626 Fallbrook Pines in Houston, comprises 494,000 square feet. It is part of a lease transaction involving reputable organizations in the market.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not disclosed
- Address: 9626 Fallbrook Pines
- Market: Houston
- Landlord: Transwestern Development Co. & J.P. Morgan Global Alternatives
- Tenant: Goodman Manufacturing Co.
- Landlord's Rep: Brian Gammill, Darryl Noon, Jude Filippone, & Carter Thurmond - Transwestern
- Tenant's Rep: Seth Koschak - Stream Realty Partners
The transaction highlights key roles played by multiple representatives. The landlord's team consists of Brian Gammill, Darryl Noon, Jude Filippone, and Carter Thurmond, representing Transwestern. On the tenant's side, Seth Koschak from Stream Realty Partners facilitated the deal for Goodman Manufacturing Co.
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