Updated Oct 29, 2024
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
About this deal
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.
On the Map
Industrial
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Players
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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