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
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