Updated Oct 29, 2024
SES Subsea Engineering Solutions Leases Industrial Property In Houston
3402 Bacor Rd, Houston, Tx 77084, Usa
Building Size
9,600 SF
Asset Type
Industrial
Closing
Jul 30, 2020
About this deal
AI
The industrial property located at 3402 Bacor Road in Houston has been leased. The lease transaction was finalized on July 31, 2020. The property spans a total area of 9,600 square feet.
Summary of transaction details
- Property Type: Industrial
- Tenant: SES Subsea Engineering Solutions
- Landlord: DNV GL USA Inc
- Tenant's Representative: Chris Caudill & Griff Bandy - NAI Partners
- Landlord's Representative: CBRE
- Market: Houston
The leasing deal was facilitated by Chris Caudill & Griff Bandy from NAI Partners, serving as the tenant's representatives. CBRE acted as the landlord's representative throughout the transaction.
On the Map
Industrial
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Players
Houston Industrial Market Snapshot
Boundary boundary · Industrial · Lease transactions
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Deal FAQ
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