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
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