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3402 Bacor Rd, Houston, Tx ...

SES Subsea Engineering Solutions Leases Industrial Property In Houston
LEASEDIndustrial

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

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.

Players

DI
DNV GL USA IncLandlord
SS
SES Subsea Engineering SolutionsTenant

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