Elbi Of America LP Leases 42979 Square Feet At 15882 Diplomatic Plaza Dr, Houston
15882 Diplomatic Plaza Dr, Houston...
Building Size
42,979 SF
Asset Type
Industrial
Closing
Nov 19, 2023
AI
The transaction involved a 42,979-square-foot industrial lease renewal located at 15882 Diplomatic Plaza Drive in Houston. This property is currently utilized by Elbi of America LP, which specializes in manufacturing water storage, heating, and treatment systems.
Summary of transaction details:
- Property Type: Industrial Lease
- Transaction Amount: Not Disclosed
- Tenant: Elbi of America LP
- Tenant's Representative: Doc Perrier - Finial Group
- Landlord: Unknown
- Landlord's Representative: Dayne Wunderlich - InSite Realty Partners LP
- Square Feet: 42,979
Doc Perrier and Jack Parsons from Finial Group were responsible for representing Elbi of America LP during the lease negotiations. Dayne Wunderlich of InSite Realty Partners LP represented the landlord in this transaction, who remains undisclosed.
Players
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