Updated Oct 29, 2024
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:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 15402 Vantage Pkwy E, Houston, TX
- Market: Houston
- Square Feet: 56,000
- Tenant: LaPolla Industries
- Landlord: FCA
- Tenant's Representative: Andre Granello (Cresa)
- Landlord's Representatives: Henry Schnitzer (Tarantino Properties), Patrick Frese (Tarantino Properties)
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
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