LEASEDIndustrial
Safespill Systems Leases 54,869 SF Industrial Property At 1900 Crosspoint Avenue In Houston
1900 Crosspoint Ave, Houston, Tx 77054, Usa
Building Size
54,869 SF
Asset Type
Industrial
Closing
Sep 20, 2020
AI
The industrial property located at 1900 Crosspoint Avenue in Houston has been leased. The property spans 54,869 square feet.
Summary of transaction details
- Property Type: Industrial
- Tenant: Safespill Systems
- Landlord: Evtex Companies
- Square Footage: 54,869
- Tenant's Representative: Carter Thurmond - Transwestern
- Landlord's Representatives: Robyn Berry & Janae Evans
Carter Thurmond of Transwestern acted as the tenant's representative for Safespill Systems in the lease deal. Robyn Berry and Janae Evans represented the landlord, Evtex Companies.
Players
Houston 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