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11026 Bay Commerce Drive

Finial Group Leases Industrial Space To Alliance SouthernCarlson In Houston
LEASEDIndustrial

Finial Group Leases Industrial Space To Alliance SouthernCarlson In Houston

11026 Bay Commerce Drive

Building Size

15,000 SF

Asset Type

Industrial

Closing

Jun 7, 2024

AI

An industrial lease transaction was brokered for Alliance SouthernCarlson at 11026 Bay Commerce Drive in southeast Houston's Gulfpoint Business Park. The property spans 15,000 square feet and was facilitated by Finial Group. The landlord's representatives, William Alcorn and Jason Gibbons, worked on behalf of the property owner during the deal.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: Not specified
  • Address: 11026 Bay Commerce Drive
  • Market: Houston
  • Tenant: Alliance SouthernCarlson
  • Landlord's Rep: Jason Gibbons & William Alcorn - Finial Group
  • Tenant's Rep: Jack Perelman - Mohr Partners

Jack Perelman from Mohr Partners represented Alliance SouthernCarlson as the tenant's representative in the leasing agreement. He was instrumental in finalizing the deal alongside the landlord's representatives. The transaction underscores the collaborative efforts of the involved parties in securing the industrial space for Alliance SouthernCarlson at 11026 Bay Commerce Drive.

Players

William Alcorn

Finial Group

Broker

6 deals

Broker

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