Updated Oct 28, 2024
Pollock Orora Leases Industrial Space In Houston At 14611 Tomball Parkway With Landlord Trammell Crow And Tenant's Rep Joel Michael - NAI Partners
14611 Tomball Parkway, Houston, Texas 77086, United States
Building Size
255,704 SF
Asset Type
Industrial
Closing
Oct 6, 2021
About this deal
AI
An industrial property located at 14611 Tomball Parkway in Houston has been leased. The property covers a total area of 255,704 square feet and sits on 16.8 acres. The lease transaction took place on October 6, 2021.
Summary of transation details
- Property Type: Industrial
- Transaction Date: 10/06/2021
- Address: 14611 Tomball Parkway
- Market: Houston
- Total Square Footage: 255,704
- Total Acres: 16.8
The landlord, Trammel Crow, leased the property to Pollock Orora. Faron Wiley from CBRE represented the landlord in the transaction, while Joel Michael from NAI Partners represented the tenant, Pollock Orora.
On the Map
Industrial
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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