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9626 Fallbrook Pines, Houst...

Goodman Manufacturing Co. Leases 494,000 SF Industrial Space In Houston
LEASEDIndustrial

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:

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

Jude Filippone

Transwestern

Broker

7 deals

Broker
J.P. Morgan Chase
J.P. Morgan ChaseLender
Transwestern
TranswesternLandlord

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