Colliers Represents DSV Air & Sea In 114,400 SF Industrial Lease At Prologis Central Green In Houston
16605 Air Center Blvd Houston, TX 77032, USA
Building Size
114,400 SF
Asset Type
Industrial
Closing
Aug 29, 2023
AI
An industrial lease transaction has taken place in Houston, Texas. The property involved is located at 16605 Air Center Boulevard and covers an area of 114,400 square feet. This industrial space is part of Prologis Central Green.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: Not specified
- Market: Houston
- Address: 16605 Air Center Boulevard
- Size: 114,400 square feet
DSV Air & Sea, a tenant, has secured this industrial lease. They were represented by Barrett Gibson and Jeff Peltier from Colliers. On the other hand, the landlord, William P Hankowsky of Liberty Property Trust, was represented by Adam Bray.
Please note that Colliers played a crucial role in brokering this lease transaction, bringing together the tenant and the landlord representatives.
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