Pointsmith Leases 94,931 Square Feet At Empire West Business Park In Brookshire Texas
Building Size
94,931 SF
Asset Type
Industrial
Closing
May 20, 2025
AI
The property involved in this transaction is an industrial asset located at Interstate 10 & Highway 90 in Brookshire, Texas, encompassing a total of 94,931 square feet. The asset is situated within the Empire West Business Park.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not specified
- Address: Interstate 10 & Highway 90
- Market: Brookshire
- Tenant: Pointsmith Point-of-Purchase Management Services LLC
- Brokers: Abraham Richardson, Grant Wisenbaker, Heath Donica, Jeremy Lumbreras, Justin Robinson, and Matteson Hamilton - Stream Realty Partners
Pointsmith has secured a lease for the specified square footage at the Empire West Business Park. The landlord was represented by Stream Realty Partners’ brokers Jeremy Lumbreras, Heath Donica, Justin Robinson, and Matteson Hamilton, while the tenant was represented by Abraham Richardson and Grant Wisenbaker of Stream Realty Partners.
Players
Market 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