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814 Farm-To-Market Road 1489

Colliers Brokers Lease Of Industrial Space At Westside 10 Industrial Park In Brookshire
SOLDIndustrial

Colliers Brokers Lease Of Industrial Space At Westside 10 Industrial Park In Brookshire

814 Farm-To-Market Road 1489

Building Size

Asset Type

Industrial

Closing

Mar 6, 2026

AI

The property asset involved in this transaction is an industrial facility located at 814 Farm-To-Market Road 1489, Brookshire. This space is designed for distribution and logistics, situated along the FM 1489 corridor, which provides access to significant routes such as Interstate 10 and State Highway 99 (Grand Parkway). The region is experiencing strong industrial demand, particularly in northwest Houston.

Summary of transaction details:

The lease of the industrial space was brokered by Colliers, with Robert McGee, Taylor Schmidt, and Austin Bartula representing the landlord in the transaction. Their involvement highlights their expertise in handling industrial properties and navigating the complexities of the regional market demand.

Players

Robert McGee

Colliers

Broker

$18M

vol

13 deals

Broker
Robert McGee

Robert McGee

Colliers

Landlord

$18M

vol

13 deals

Landlord

Brookshire Industrial Market Snapshot

Boundary boundary · Industrial · Sale 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