The Detering Co. Leases Industrial Space In Houston's Collingsworth Street With Tenant's Rep John Milam & Landlord's Rep Chris Haro
1919 Collingsworth Street
Building Size
100,000 SF
Asset Type
Industrial
Closing
Mar 2, 2023
AI
The Detering Co. has recently completed a lease transaction for an industrial property located at 1919 Collingsworth Street in Houston. The property spans approximately 100,000 square feet and is owned by American Warehouses.
Summary of Transaction Details
- Property Type: Industrial
- Transaction Date: March 2, 2023
- Address: 1919 Collingsworth Street, Houston
- Market: Houston
- Tenant: The Detering Co.
- Landlord: American Warehouses
- Tenant's Representative: John Milam - Fritsche Anderson Realty
- Landlord's Representative: Chris Haro - Partners Real Estate
The lease deal was facilitated by John Milam from Fritsche Anderson Realty, representing The Detering Co., and Chris Haro from Partners Real Estate, representing American Warehouses.
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