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12411 Citypark Drive, Misso...

SUNRGY Solar Distribution Leases Industrial Space In Missouri City
LEASEDIndustrial

SUNRGY Solar Distribution Leases Industrial Space In Missouri City

12411 Citypark Drive, Missouri City, Texas 77489, United States

Building Size

47,332 SF

Asset Type

Industrial

Closing

Jan 27, 2023

AI

The industrial property located at 12411 Citypark Drive in Missouri City has recently been leased. The property spans a total of 47,332 square feet, making it a spacious option for industrial operations. The lease was signed on 01/27/2023.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: Not available
  • Address: 12411 Citypark Drive, Missouri City
  • Square Footage: 47,332 SF

The landlord for this lease is Logistics Property Company. The tenant who secured the lease is SUNRGY Solar Distribution. Representing the landlord in the deal are Beau Kaleel and Brooke Swerdlow from Cushman & Wakefield. On the other hand, A.J. Williams and Travis Land from partners-real-estate'>Partners Real Estate acted as the tenant's representatives.

Players

Travis Land

Partners Real Estate

Broker

20 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