Vantiv Leases 41000 SF Industrial Space At 11410 Greens Crossing BLVD, Houston
11410 Greens Crossing BLVD, Housto...
Building Size
41,000 SF
Asset Type
Industrial
Closing
Jan 24, 2017
AI
The industrial property at 11410 Greens Crossing BLVD in Houston, located in the Green Sea market, spans 41,000 square feet. The lease was facilitated by Michelle Wogan and Monte Calvert of Transwestern, representing the landlord FCA. The tenant, Vantiv, a credit card processing company based in Cincinnati, secured the lease for the Reserve at Greens Crossing.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not specified
- Address: 11410 Greens Crossing BLVD, Houston
- Market: Green Sea
- Landlord's Rep: Michelle Wogan (Transwestern), Monte Calvert (Transwestern)
- Tenant: Vantiv
- Landlord: FCA
- Square Feet: 41,000
David Guion from Cushman & Wakefield represented Vantiv in the lease deal. The Reserve at Greens Crossing, the location of the leased property, is situated in the North Houston District, where Vantiv's 41,000-square-foot space is now housed. The presence of key representatives from Transwestern and Cushman & Wakefield underscores the collaborative effort that led to the successful leasing agreement.
Players
Green Sea 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