Transwestern Real Estate Services Leases Office/Warehouse Park To NewSouth Window Solutions In Houston
15120 Northwest Freeway, Houston, TX, USA
Building Size
13,500 SF
Asset Type
Mixed-use
Closing
Aug 9, 2020
About this deal
AI
An office/warehouse park located at 15120 Northwest Freeway & 6961 Brookhollow West Drive in Houston has been leased. The lease transaction was completed on 08/10/2020.
Summary of transaction details
- Property Type: Office/Warehouse Park
- Transaction Date: 08/10/2020
- Address: 15120 Northwest Freeway & 6961 Brookhollow West Drive
- Market: Houston
The tenant, NewSouth Window Solutions, has leased a space measuring 13,500 square feet in this office/warehouse park. The landlord, Blue Ridge Industrial, was represented by Carter Thurmond, Brian Gammill, & Jude Filippone from Transwestern Real Estate Services. David Needle from Florida Executive Realty Management Corp served as the tenant's representative in this lease transaction.
On the Map
Mixed-use
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Players
Houston Mixed-use Market Snapshot
Boundary boundary · Mixed-use · 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