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1755 Federal Road, Houston,...

JD Fields & Co. Leases 133,125 SF Industrial Space From Watco In Houston
LEASEDIndustrial

JD Fields & Co. Leases 133,125 SF Industrial Space From Watco In Houston

1755 Federal Road, Houston, Texas 77015, United States

Building Size

133,125 SF

Asset Type

Industrial

Closing

May 24, 2022

AI

An industrial property located at 1755 Federal Rd in Houston has been leased to JD Fields & Co. The property spans 133,125 square feet and is owned by Watco. The lease transaction was facilitated by brokers Steve Pastor from NAI James E. Hanson and Gray Gilbert, Chris Haro, and Jack Gilbert from NAI Partners.

Summary of transation details

  • Property Type: Industrial
  • Transaction Amount: N/A
  • Address: 1755 Federal Rd, Houston
  • Market: Houston
  • Asset Type: Industrial
  • Square Footage: 133,125

The lease of the industrial property at 1755 Federal Rd was arranged by brokers Steve Pastor from NAI James E. Hanson and Gray Gilbert, Chris Haro, and Jack Gilbert from NAI Partners. This transaction demonstrates the collaboration between the landlord, Watco, and JD Fields & Co., the tenant.

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