Updated Sep 9, 2024
Unknown Landlord Leases 15000 Square Feet At 12989 Market Street Rd In Houston
12989 Market Street Rd, Houston, TX...
Building Size
15,000 SF
Asset Type
Industrial
Closing
Dec 5, 2019
About this deal
AI
The property involved in this transaction is an industrial space located at 12989 Market Street Rd, Houston, TX. The lease encompasses a total area of 15,000 square feet and the market for this property is identified as Houston. The building was originally constructed in 1982.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not disclosed
- Address: 12989 Market Street Rd, Houston, TX
- Market: Houston
- Square Feet: 15,000
- Landlord's Representative: Doc Perrier (Finial Group)
- Tenant: AM PM Diesel Services Inc.
In this lease transaction, Jason Gibbons and Doc Perrier from Finial Group represented the landlord. The tenant was represented by an undisclosed representative. The lease negotiation was successfully completed by Finial Group, reflecting their active role in the Houston industrial leasing market.
On the Map
Industrial
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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