Updated May 12, 2025
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
About this deal
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.
On the Map
Industrial
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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