Parceljet Information Technology LLC Leases 239190 Square Feet At 900 Knell Road In Montgomery
900 Knell Road
Building Size
239,190 SF
Asset Type
Industrial
Closing
Oct 7, 2024
AI
The property is located at 900 Knell Road in Montgomery, comprising a 239,190-square-foot industrial space. It is part of a larger building that totals 992,462 square feet, featuring 30-foot clear heights and 17 exterior docks. The facility includes parking for 184 trailers and over 600 cars.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not specified
- Address: 900 Knell Road
- Market: Montgomery
- Landlord: CenterPoint Properties
- Tenant: Parceljet Information Technology LLC
- Landlord's Rep: George Cibula & Rick Daly - DarwinPW Realty/CORFAC International
- Tenant's Rep: Danielle Radtke & Patrick Smith - CenterPoint
The lease agreement, executed by Parceljet Information Technology LLC, marks a significant expansion of the company's presence in the Midwest, transitioning from coastal locations to this new facility.
Players
Montgomery 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