Finial Group Leases Industrial Space To Pulse Wire & Cable In Houston
1950 South Starpoint Drive
Building Size
25,000 SF
Asset Type
Industrial
Closing
Mar 7, 2024
AI
The industrial property located at 1950 South Starpoint Drive in Houston spans 25,000 square feet and was the subject of a recent lease transaction at Central Green Business Park in North Houston.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not provided
- Address: 1950 South Starpoint Drive
- Market: Houston
- Tenant: Pulse Wire & Cable
- Landlord's Rep: Jack Gaffney & William Alcorn - Finial Group
- Tenant's Rep: Henry Landwermeyer - Boyd Commercial
Jack Gaffney and William Alcorn from Finial Group represented the landlord in the leasing deal, while Henry Landwermeyer from Boyd Commercial served as the tenant's representative for Pulse Wire & Cable.
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