GAC Energy & Marine Services Leases Industrial Space In Houston With Newmark's Brokers
16200 Central Green Blvd, Houston, TX, USA
Building Size
181,067 SF
Asset Type
Industrial
Closing
Sep 13, 2021
AI
The industrial property located at 16200 Central Green Blvd in Houston has been leased in a closed transaction. The property spans an area of 181,067 square feet.
Summary of transaction details
- Property Type: Industrial
- Transaction Date: 09/13/2021
- Address: 16200 Central Green Blvd, Houston
- Market: Houston
GAC Energy & Marine Services has become the tenant of the property, leasing it from Liberty Property Co. The transaction involved multiple brokers representing both parties. John Luck, Griffin Rich, Chris Mason, John Beach, Reggie Beaven III, Andy Iversen, Joshua Brown, and Trace Elrod of Newmark acted as the brokers in the deal.
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