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
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