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14720 John F Kennedy Boulev...

GCP Paper USA Inc. Signs Lease For 235,845 SF Industrial Space At 14720 John F. Kennedy Boulevard In Houston
LEASEDIndustrial

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

Craig Bean

Transwestern

Broker

5 deals

Broker

Holt Lunsford

Landlord

2 deals

Landlord

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