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11410 Greens Crossing BLVD,...

Vantiv Leases 41000 SF Industrial Space At 11410 Greens Crossing BLVD, Houston
LEASEDIndustrial

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:

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

Michelle Wogan

Transwestern

Broker

3 deals

Broker
FCA
FCALandlord

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