GCP Paper USA Inc. Signs Lease For 235,845 SF Industrial Space At 14720 John F. Kennedy Boulevard In Houston
14720 John F Kennedy Boulevard, Houston, TX, USA
Building Size
235,845 SF
Asset Type
Industrial
Closing
May 27, 2020
AI
The industrial property located at 14720 John F. Kennedy Boulevard in Houston has been leased. The property has a size of 235,845 square feet and is owned by Holt Lunsford Commercial and GID Real Estate Investments. The lease was signed on May 27, 2021.
Summary of transaction details
- Property Type: Industrial
- Transaction Date: May 27, 2021
- Address: 14720 John F. Kennedy Boulevard, Houston
- Size: 235,845 square feet
- Tenant: GCP Paper USA Inc.
- Landlord: Holt Lunsford Commercial & GID Real Estate Investments
- Landlord's Representative: Craig Bean & John Kruse - Holt Lunsford Commercial
- Tenant's Representative: Eric Hughes - Centermark Commercial Real Estate
The deal was facilitated by Eric Hughes from Centermark Commercial Real Estate, who represented the tenant, GCP Paper USA Inc. Craig Bean and John Kruse from Holt Lunsford Commercial acted as representatives for the landlords, Holt Lunsford Commercial and GID Real Estate Investments.
Players
Houston Industrial Market Snapshot
Boundary boundary · Industrial · Lease transactions
Loading comparables…
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