Updated Nov 28, 2024
Hercules Inc. Leases 111,062 SF Industrial Space At 15920 International Plaza Dr In Houston With CBRE's Rep
15920 International Plaza Drive, Houston, TX 77032, USA
Building Size
111,062 SF
Asset Type
Industrial
Closing
Nov 12, 2021
About this deal
AI
The industrial property located at 15920 International Plaza Dr in Houston has been leased. The property spans a total of 111,062 square feet.
Summary of transaction details:
- Property Type: Industrial
- Tenant: Hercules Inc.
- Landlord: Avera Cos. & AEW Capital Management
- Landlord's Representative: Jason Dillee & Nathan Wynne - CBRE
- Tenant's Representative: Jim Autenreith & J.W. Wall III - Moody Rambin
- Transaction Date: 11/12/2021
The lease deal was facilitated by Jason Dillee and Nathan Wynne of CBRE, representing the landlord, Avera Cos. and AEW Capital Management. Jim Autenreith and J.W. Wall III of Moody Rambin represented the tenant, Hercules Inc.
On the Map
Industrial
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Players
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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