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910 Louisiana St, South Hou...

NRG Energy Leases 431037 Square Feet From Shell Oil Co At 910 Louisiana St In South Houston
LEASED

NRG Energy Leases 431037 Square Feet From Shell Oil Co At 910 Louisiana St In South Houston

910 Louisiana St, South Houston, TX...

Building Size

431,037 SF

Asset Type

Closing

Nov 20, 2023

AI

The property involved in this transaction is located at 910 Louisiana St, South Houston, TX, with a total area of 431,037 square feet. The market for this asset is South Houston, and it is leased by NRG Energy from the landlord, Shell Oil Co.

Summary of transaction details:

  • Property Type: Lease
  • Transaction Amount: Not specified
  • Address: 910 Louisiana St, South Houston, TX
  • Market: South Houston
  • Landlord: Shell Oil Co
  • Tenant: NRG Energy
  • Landlord's Representative: Joseph "Joe" Peddie (Cushman & Wakefield)
  • Square Feet: 431,037

The deal involves key individuals including the landlord's representative, Joseph "Joe" Peddie from Cushman & Wakefield, who facilitated the transaction between Shell Oil Co and the tenant, NRG Energy.

Players

Tim Relyea

Cushman & Wakefield

Broker

6 deals

Broker
SC
Shell Oil Co.Landlord
NE
NRG EnergyTenant

South 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