Updated Oct 29, 2024
Jewell Concrete Product Leases 97000 SF Industrial Space In Houston's Missouri City
11931 N Garden St, Houston, TX, 77071
Building Size
97,000 SF
Asset Type
Industrial
Closing
Jun 20, 2017
About this deal
AI
The property is an industrial asset located at 11931 N Garden St, Houston, TX, 77071, encompassing a total area of 97,000 square feet. This lease transaction occurred in the Houston market.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not specified
- Address: 11931 N Garden St, Houston, TX, 77071
- Market: Houston
- Landlord: LBG Properties
- Tenant's Representative: Samma Abuhamra - TIG Real Estate Services
The transaction involved Finial Group's Jack Parsons and Samma Abuhamra representing Jewell Concrete Product in the lease agreement through LBG Properties as the landlord.
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