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15120 Northwest Freeway, Ho...

Transwestern Real Estate Services Leases Office/Warehouse Park To NewSouth Window Solutions In Houston
LEASEDMixed-use

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

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.

Players

Jude Filippone

Transwestern

Broker

7 deals

Broker
BI
Blue Ridge IndustrialLandlord
NS
NewSouth Window SolutionsTenant

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