National Technical Institute Leases 14828 Square Feet In Houston With Landlord's Broker Jason Gibbons
13027 Gulf Commerce Drive
Building Size
14,828 SF
Asset Type
Industrial
Closing
Feb 28, 2025
AI
The property located at 13027 Gulf Commerce Drive in Houston comprises a total of 44,358 square feet of industrial space. The leased area encompasses 14,828 square feet and features dock doors, drive-in access, trailer storage, and ample parking for over 90 vehicles.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not disclosed
- Address: 13027 Gulf Commerce Drive
- Market: Houston
- Tenant: Ryan Woodward - National Technical Institute
- Broker: Jason Gibbons - Finial Group
Jason Gibbons represented the landlord in this leasing transaction for National Technical Institute, underscoring the role of Finial Group in securing the industrial space in southeast Houston.
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