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15402 Vantage Pkwy E, Houst...

Updated Oct 29, 2024

LaPolla Industries Leases 56000 Square Feet At 15402 Vantage Pkwy E Houston With FCA As Landlord
LEASEDIndustrial

LaPolla Industries Leases 56000 Square Feet At 15402 Vantage Pkwy E Houston With FCA As Landlord

15402 Vantage Pkwy E, Houston, TX...

Building Size

56,000 SF

Asset Type

Industrial

Closing

Sep 6, 2016

About this deal

AI

The property involved in this transaction is located at 15402 Vantage Pkwy E, Houston, TX, in the Houston market. LaPolla Industries has renewed its lease for a total of 56,000 square feet within this property.

Summary of transaction details:

The leasing transaction was facilitated with the involvement of Cresa's Andre Granello and Sandy Fishlock representing LaPolla Industries. FCA, as the landlord, was represented by Henry Schnitzer and Patrick Frese from Tarantino Properties.

Players

Andre Granello

Cresa

Broker

1 deal

Broker
FCA
FCALandlord

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

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