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1250 Wood Branch Park Dr, H...

Excel Midstream Leases 18000 Square Feet From FCA At 1250 Wood Branch Park Dr Houston
LEASEDIndustrial

Excel Midstream Leases 18000 Square Feet From FCA At 1250 Wood Branch Park Dr Houston

1250 Wood Branch Park Dr, Houston...

Building Size

18,000 SF

Asset Type

Industrial

Closing

Jul 18, 2017

AI

The property involved in this transaction is located at 1250 Wood Branch Park Dr, Houston. It has a total area of 18,000 square feet and is part of the Houston market. The transaction is a lease agreement between Excel Midstream as the tenant and FCA as the landlord.

Summary of transaction details:

  • Property Type: Lease
  • Transaction Amount: Not specified
  • Address: 1250 Wood Branch Park Dr, Houston
  • Market: Houston
  • Tenant: Excel Midstream
  • Landlord: FCA
  • Tenant's Representative: Griff Bandy (NAI Capital)
  • Landlord's Representative: Derek Beck (The Beck Group)
  • Square Feet: 18,000

This deal highlights the involvement of Griff Bandy from NAI Capital, who represented the tenant, Excel Midstream, and Derek Beck from The Beck Group, who acted on behalf of the landlord, FCA. The broader context includes Houston's industrial sector tightening, noted through Basintek's recent lease dealings, indicating ongoing activity in the oil and gas industry as it recovers.

Players

Griff Bandy

NAI Global

Broker

9 deals

Broker
FCA
FCALandlord

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