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10010 Fm 1960 West, Houston...

B Trucks, LLC Leases Industrial Space In Houston, Texas
LEASEDIndustrial

B Trucks, LLC Leases Industrial Space In Houston, Texas

10010 Fm 1960 West, Houston, Texas 77070, United States

Building Size

38,600 SF

Asset Type

Industrial

Closing

Jun 20, 2022

AI

An industrial property located at 10010 Farm to Market 1960 Rd W in Houston has been leased. The transaction took place on June 21, 2022. The property, spanning approximately 38,600 square feet, was leased by B Trucks, LLC. The landlord in this deal is Cabot Properties. The asking rent for the property was $6.60 per square foot.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: Lease
  • Date: 06/21/2022
  • Address: 10010 Farm to Market 1960 Rd W
  • Market: Houston
  • Tenant: B Trucks, LLC
  • Landlord: Cabot Properties

The leasing deal was facilitated by William Byrd and Patrick McKiernan of First Houston Properties, representing both the tenant and the landlord.

Players

Patrick McKiernan

First Houston Properties

Broker

$9M

vol

40 deals

Broker
Cabot Properties
Cabot PropertiesLandlord

Houston 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