Updated Mar 11, 2025
Boat Lift Distributors Leases 27,500 SF Industrial Space In Houston
11850 Tanner Road, Houston, Texas 77041, United States
Building Size
27,500 SF
Asset Type
Industrial
Closing
May 10, 2022
About this deal
AI
Boat Lift Distributors has leased an industrial property located at 11850 Tanner Rd in Houston. The property has a total square footage of 27,500 and is part of the industrial asset type. The lease transaction was completed on May 11, 2022.
Summary of transaction details:
- Property Type: Industrial
- Transaction Date: 05/11/2022
- Address: 11850 Tanner Rd
- Market: Houston
- Square Footage: 27,500
Boat Lift Distributors, represented by Welcome Group, secured the lease for the property. Cole Bercher and Ryan Wasaff from Welcome Group served as the brokers for Boat Lift Distributors in this transaction.
Note: Welcome Group represented Boat Lift Distributors in this lease deal.
On the Map
Industrial
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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