CBRE's Patrick Rollins Negotiates 160K SF Industrial Lease At Interstate Commerce Center
1910 Cypress Station Dr, Houston, TX...
Building Size
160,000 SF
Asset Type
Industrial
Closing
Apr 4, 2017
AI
Located at 1910 Cypress Station Dr in Houston, TX, the industrial property involved in the transaction spans 160,000 square feet. The lease was secured by McLane Group International, with CBRE’s Patrick Rollins serving as their tenant's representative. The landlord, Hillwood Investment Properties, was represented by Stream Realty in the negotiations.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not specified
- Tenant: McLane Group International
- Tenant's Rep: Patrick Rollins (CBRE)
- Landlord: Hillwood Investment Properties
- Square Feet: 160,000
- Address: 1910 Cypress Station Dr, Houston, TX
- Market: Houston
CBRE’s Patrick Rollins played a pivotal role as the representative for McLane Group International during the lease negotiations at the Interstate Commerce Center. On the other side, Stream Realty acted as the representative for the landlord, Hillwood Investment Properties, ensuring a successful transaction for both parties.
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