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1430 Vander Wilt Ln, Katy, ...

Updated Sep 9, 2024

Florida Water Products Leases Industrial Space In Katy, TX With NAI Partners
LEASEDIndustrial

Florida Water Products Leases Industrial Space In Katy, TX With NAI Partners

1430 Vander Wilt Ln, Katy, TX, 77449

Building Size

21,750 SF

Asset Type

Industrial

Closing

Jan 21, 2019

About this deal

AI

The industrial property located at 1430 Vander Wilt Lane in Katy, TX, 77449 spans 21,750 square feet. This asset, built in 2005, was the subject of a lease transaction facilitated by Shaffer Braun of NAI Capital, representing the undisclosed landlord. The tenant, Florida Water Products, specializes in serving swimming pool builders, retailers, and service companies across Florida and Texas.

Summary of transation details:

  • Property Type: Industrial
  • Transaction Amount: Not disclosed
  • Landlord: Unknown
  • Square Feet: 21,750
  • Tenant: Florida Water Products
  • Market: Katy
  • Landlord's Rep: Shaffer Braun(NAI Capital)

NAI Partners successfully secured the industrial lease at 1430 Vander Wilt Lane in Katy on behalf of the undisclosed landlord, with Shaffer Braun acting as the landlord's representative in the negotiation process. The tenant, Florida Water Products, is known for catering to the needs of swimming pool builders, retailers, and service companies in both Florida and Texas.

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Players

Shaffer Braun

NAI Global

Broker

5 deals

Broker
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Katy 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

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