US ELogistics Service Corp. Leases 302,825 Square Feet At Constellation Post Oak In Houston
14942 S. Post Oak Road
Building Size
302,825 SF
Asset Type
Industrial
Closing
Dec 12, 2024
AI
The industrial asset located at 14942-15012 South Post Oak Road in Houston features a total square footage of 302,825. The property is situated within a 424,011-square-foot industrial park known as Constellation Post Oak, developed by Constellation Real Estate Partners and Crow Holdings Capital.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not disclosed
- Address: 14942-15012 South Post Oak Road
- Market: Houston
- Asset Size: 302,825 sq ft
- Landlord: Jeremy Giles & Hien Le - Constellation Real Estate Partners; Michael Levy, Bob McClain & Ken Valach - Crow Holdings Capital
- Tenant: US ELogistics Service Corp.
- Landlord's Representative: Barkley Peschel & Zack Taylor - Colliers
- Tenant's Representative: Robert McGee - Lee & Associates
- Leasing Status: Campus 82% leased as of now
US ELogistics Service Corp. has secured a lease for the 302,825-square-foot Building 1. The deal involved Colliers representing the landlord, while the tenant's interests were represented by Lee & Associates. The partnership between Constellation Real Estate Partners and Crow Holdings Capital developed the campus, which was completed in 2023.
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