facebook

traded

+ Submit
Home

/

Deals

/

Texas

/

Industrial

/

Lease

/

14942 S. Post Oak Road

US ELogistics Service Corp. Leases 302,825 Square Feet At Constellation Post Oak In Houston
LEASEDIndustrial

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

Robert McGee

Colliers

Broker

$18M

vol

13 deals

Broker

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