2911 Fabrication Leases 32696 Square Foot Industrial Space In Houston With Landlord United Equities
14490 Wagg Way Road
Building Size
32,596 SF
Asset Type
Industrial
Closing
Sep 23, 2024
AI
The property asset involved in this lease transaction is a single-tenant industrial building located at 14490 Wagg Way Road in Houston. The asset encompasses a total square footage of 32,596 and was originally constructed in 2014.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not disclosed
- Address: 14490 Wagg Way Road
- Market: Houston
- Landlord: United Equities
- Tenant: 2911 Fabrication
- Landlord's Representative: Braedon Emde & Travis Land - Partners Real Estate
- Tenant's Representative: Caleb Lawson - Flatrock Commercial Real Estate
This transaction was facilitated by the involvement of key representatives. Braedon Emde and Travis Land, acting on behalf of the landlord United Equities, played a crucial role in securing the lease. Meanwhile, Caleb Lawson represented the tenant, 2911 Fabrication, ensuring the interests of his client were effectively addressed in the negotiations.
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