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
About this deal
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.
On the Map
Players
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