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16623 Aldine Westfield Road

Fort Capital LLC Leases 33407 SF Industrial Space To SteelCon Inc In Houston
LEASEDIndustrial

Fort Capital LLC Leases 33407 SF Industrial Space To SteelCon Inc In Houston

16623 Aldine Westfield Road

Building Size

33,407 SF

Asset Type

Industrial

Closing

Apr 22, 2025

AI

The property asset involved in this transaction is an industrial space located at 16623 Aldine Westfield Road in Houston, boasting a total square footage of 33,407. The asset is now fully leased under a Single Net Lease agreement.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: Not disclosed
  • Landlord: Fort Capital, LLC
  • Tenant: SteelCon Inc.
  • Broker: Ryan Young - Fort Capital, LLC

This transaction reflects the efforts of Ryan Young, the Leasing Manager at Fort Capital, LLC, who has been instrumental in achieving full occupancy of the property. The landlord, Fort Capital, LLC, recognizes strong demand for manufacturing buildings in Houston and has observed increased leasing activity across its industrial portfolio in the region.

Players

Ryan Young

Fort Capital

Broker

3 deals

Broker

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