1755 Federal Rd
1755 Federal Rd, Houston, TX, 77015
Building Size
133,125 SF
Asset Type
Industrial
Closing
Nov 19, 2023
AI
The property asset involved in this lease transaction is located at 1755 Federal Rd, Houston, TX, 77015. The leased space comprises 133,125 square feet within the Greens Port Industrial Park, a 735-acre multimodal development near Port Houston. This park features over 3 million square feet of warehouse space and includes four railyards.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not disclosed
- Address: 1755 Federal Rd, Houston, TX, 77015
- Market: Houston
- Landlord: Watco
- Tenant: JD Fields & Co
- Landlord's Representatives: Chris Haro-NAI Capital, Gray Gilbert-NAI Capital, Jack Gilbert-NAI Capital
- Square Feet: 133,125
The deal involved several representatives. Steve Pastor of NAI James E. Hanson worked alongside Gray Gilbert, Chris Haro, and Jack Gilbert from NAI Partners, representing the landlord Watco during the lease negotiations. The representative of the tenant, JD Fields & Co., was not disclosed.
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