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
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.
Players
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