facebook

traded

+ Submit
Home

/

Deals

/

Texas

/

Industrial

/

Lease

/

16200 Central Green Blvd, H...

GAC Energy & Marine Services Leases Industrial Space In Houston With Newmark's Brokers
LEASEDIndustrial

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

Trace Elrod

Newmark

Broker

4 deals

Broker
CrossHarbor Capital Partners
CrossHarbor Capital PartnersLender

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