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
Baytown 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