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1910 Cypress Station Dr, Ho...

CBRE's Patrick Rollins Negotiates 160K SF Industrial Lease At Interstate Commerce Center
LEASEDIndustrial

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

Patrick Rollins

CBRE

Broker

3 deals

Broker
Hillwood Investment Properties
Hillwood Investment PropertiesBrokerage
Hillwood Investment Properties
Hillwood Investment PropertiesLandlord

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