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1755 Federal Rd, Houston, T...

1755 Federal Rd
LEASEDIndustrial

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

Chris Haro

Partners Real Estate

Broker

7 deals

Broker
W
WatcoLandlord
JC
JD Fields & Co.Tenant

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