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
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