facebook

traded

+ Submit
Home

/

Deals

/

Texas

/

Industrial

/

Lease

/

1405 Borusan Road, Baytown,...

Walmart Leases 1 Million SF Industrial Space In Baytown
LEASEDIndustrial

Walmart Leases 1 Million SF Industrial Space In Baytown

1405 Borusan Road, Baytown, TX 77523

Building Size

1,000,000 SF

Asset Type

Industrial

Closing

Mar 10, 2022

AI

The industrial property located at 1405 Borusan Road in Baytown has been leased by Walmart. The property has a total square footage of 1,000,000. The lease was facilitated by CBRE, with Jason Dillee, Nathan Wynne, Jamie Roussel, and Joseph Smith representing the parties involved.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Date: 03/11/2022
  • Address: 1405 Borusan Road
  • Market: Baytown
  • Square Footage: 1,000,000
  • Landlord: Hunt Southwest
  • Tenant: Walmart
  • Landlord's Representative: Jason Dillee & Nathan Wynne - CBRE
  • Tenant's Representative: Joseph Smith, Bill Frain & Jamie Roussel - CBRE

The lease agreement was facilitated by CBRE. Jason Dillee and Nathan Wynne represented the landlord, while Joseph Smith, Bill Frain, and Jamie Roussel represented Walmart. This agreement represents a significant transaction in the Baytown market, further solidifying Walmart's presence in the area.

Players

Joseph Smith

Friedman-Roth Realty

Broker

$46M

vol

11 deals

Broker
HS
Hunt SouthwestLandlord
W
WalmartTenant

Baytown 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