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16605 Air Center Blvd Houst...

Colliers Represents DSV Air & Sea In 114,400 SF Industrial Lease At Prologis Central Green In Houston
LEASEDIndustrial

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

Barrett Gibson

Colliers

Broker

8 deals

Broker
LT
Liberty Property TrustLandlord

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