facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

Texas

/

Commercial

/

Lease

/

1401 Rankin Rd, Houston, TX...

Conn’s HomePlus Leases 656,658 SF At Central Green Distribution Center, Houston
LEASEDCommercial

Conn’s HomePlus Leases 656,658 SF At Central Green Distribution Center, Houston

1401 Rankin Rd, Houston, TX, 77073

Building Size

656,658 SF

Asset Type

Commercial

Closing

Nov 22, 2023

AI

The Central Green Distribution Center in north Houston, located at 1401 Rankin Rd, Houston, TX, 77073, has been leased by home furnishings and appliances retailer Conn’s HomePlus. The property, spanning 656,658 square feet, is owned by Liberty Property Trust. The center features 36-foot clear heights, 133 dock doors, and a building depth of 500 feet.

Summary of transaction details:

  • Property Type: Commercial
  • Transaction Amount: Not specified
  • Tenant's Rep: Rob Stillwell (Newmark)
  • Landlord: Liberty Property Trust
  • Square Feet: 656,658

Rob Stillwell and Chris Malherbe of NKF Capital Markets represented Conn’s HomePlus in the lease negotiations. Conn’s, headquartered in The Woodlands, a master-planned community north of Houston, will be the sole occupant of the Central Green Distribution Center.

Players

Rob Stillwell

Newmark

Broker

3 deals

Broker
LT
Liberty Property TrustLandlord

Houston Commercial Market Snapshot

Boundary boundary · Commercial · Lease transactions

Loading comparables…

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