Updated Jan 2, 2025
EN Group Corp Leases Industrial Space At 1819 Turning Basin Drive In Houston
1819 Turning Basin Dr, Houston, TX 77029, USA
Building Size
25,368 SF
Asset Type
Industrial
Closing
Aug 6, 2020
About this deal
AI
An industrial property located at 1819 Turning Basin Drive in Houston has been leased. The property spans a total of 25,368 square feet.
Summary of transaction details
- Property Type: Industrial
- Tenant: EN Group Corp
- Landlord: First Industrial Texas LP
- Tenant's Representative: John Hornbuckle - Cypressbrook Co
- Landlord's Representative: David Munson - Boyd Commercial
- Market: Houston
The tenant, EN Group Corp, worked with John Hornbuckle from Cypressbrook Co as their representative in the deal. The landlord, First Industrial Texas LP, was represented by David Munson from Boyd Commercial.
On the Map
Industrial
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Players
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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