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9707 Fairbanks North Housto...

KHD Group Signs 156,483 Sq. Ft. Industrial Lease At Raceway Distribution Center Northwest, Houston
LEASEDIndustrial

KHD Group Signs 156,483 Sq. Ft. Industrial Lease At Raceway Distribution Center Northwest, Houston

9707 Fairbanks North Houston Rd Houston, TX 77064, USA

Building Size

156,483 SF

Asset Type

Industrial

Closing

Aug 4, 2023

AI

Furniture vendor KHD Group has signed a 156,483 sq. ft. industrial lease at Raceway Distribution Center Northwest in Houston. The property, developed by Stream Realty Partners, boasts 36-foot clear heights, 25 dock-high doors, and ample parking for 109 vehicles and 22 trailers.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: Not specified
  • Square Footage: 156,483 sq. ft.
  • Address: 9707 Fairbanks North Houston Road
  • Market: Houston

KHD Group's lease agreement for the Raceway Distribution Center Northwest was facilitated by Pinnacle Real Estate Group, serving as the tenant's representative. Stream Realty Partners, the landlord, was represented by Jeremy Lumbreras and Boone Smith from their team.

Players

Jeremy Lumbreras

Stream Realty Partners⁠

Broker

16 deals

Broker
Stream Realty Partners⁠
Stream Realty Partners⁠Landlord

Texas 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