Welcome Group Represents Tenant In Lease Of Industrial Property In La Porte
11804 West Fairmont Parkway, La Porte, Texas 77571, United States
Building Size
31,480 SF
Asset Type
Industrial
Closing
Apr 14, 2022
AI
A lease agreement has been closed for an industrial property located at 11804 W Fairmont Pkwy in La Porte. The property spans approximately 31,480 square feet. The transaction was facilitated by Cole Bercher, Ryan Wasaff, and Brad Berry of Welcome Group.
Summary of transaction details
- Property Type: Industrial
- Transaction Date: 04/15/2022
- Address: 11804 W Fairmont Pkwy, La Porte
- Market: La Porte
- Tenants's Representative: Cole Bercher, Ryan Wasaff & Brad Berry - Welcome Group
The lease agreement for the industrial property at 11804 W Fairmont Pkwy was successfully negotiated by Cole Bercher, Ryan Wasaff, and Brad Berry of Welcome Group. This deal highlights their expertise in facilitating commercial lease transactions in the La Porte area.
Players
La Porte 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