Rubicon Ventures LLC Leases Industrial Space At 1646 Rankin Road In Houston
1646 Rankin Rd, Houston, TX 77073, USA
Building Size
19,800 SF
Asset Type
Industrial
Closing
Aug 10, 2020
AI
The industrial property located at 1646 Rankin Road in Houston has recently been leased in a closed transaction. The property spans a total of 19,800 square feet.
Summary of transaction details
- Property Type: Industrial
- Tenant: Rubicon Ventures LLC
- Tenant's Representative: Doc Perrier & Jason Gibbons - Finial Group
- Landlord's Representative: Jeremy Lumbreras - Stream Realty Partners
- Market: Houston
- Transaction Date: 08/11/2020
Leading the deal on the tenant's side were Doc Perrier and Jason Gibbons from Finial Group, representing Rubicon Ventures LLC. On the other hand, Jeremy Lumbreras from Stream Realty Partners represented the landlord in the transaction.
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