EFulfill Leases Entire Building B At Post Oak Logistics Park In Houston
S Main St
Building Size
368,099 SF
Asset Type
Industrial
Closing
Jun 18, 2024
AI
The industrial property located at 12631 S Main St in Houston, encompassing a total of 368,099 square feet, was leased to global logistics firm eFulfill. The lease agreement covers the entire Building B at Post Oak Logistics Park in southwest Houston.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not specified
- Landlord: Michele Wheeler - Jackson-Shaw
- Tenant: eFulfill
- Brokers: Beau Kaleel, Jimo Liu & Michael Foreman - Cushman & Wakefield
eFulfill was represented by Jimo Liu from Cushman & Wakefield in the lease negotiations for the industrial property. The park where the property is situated was developed on a 43-acre site by Jackson-Shaw in collaboration with Greystar. Prior to this deal, a separate agreement was reached with Festival Trading Co. for a portion of the space.
Players
Houston Industrial Market Snapshot
Boundary boundary · Industrial · Lease transactions
Loading comparables…
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