MEI Rigging And Crating Leases 227000 Square Feet At 6501 Navigation BLVD Houston
6501 Navigation BLVD, Houston, TX, 7...
Building Size
227,000 SF
Asset Type
—
Closing
Nov 19, 2023
About this deal
AI
The property involved in this transaction is located at 6501 Navigation Blvd, Houston, TX. It encompasses a total area of 227,000 square feet. The lease pertains to a commercial property in the Houston market. The landlord for this transaction is Quasar Navigation.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not disclosed
- Address: 6501 Navigation Blvd, Houston, TX
- Market: Houston
- Square Feet: 227,000
- Tenant: MEI Rigging and Crating
- Tenant's Representative: David Cartwright-B&C Capital
- Landlord: Quasar Navigation
- Landlord's Representative: Clay Pritchett-NAI Capital
The key individuals representing the parties in this transaction include David Cartwright from B&C Capital, representing the tenant, and Clay Pritchett from NAI Capital, representing the landlord. Their involvement has facilitated this lease agreement in the Houston market.
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Players
Houston CRE Market Snapshot
Boundary boundary · CRE · 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