Updated May 16, 2025
Mars Shipping Service Inc Leases 32375 Square Feet Industrial Space In Katy Texas
21323 Clay Road
Building Size
32,375 SF
Asset Type
Industrial
Closing
May 15, 2025
About this deal
AI
An industrial lease was signed for an asset located at 21323 Clay Road in Katy, Texas. The property encompasses a total of 32,375 square feet, situated within the Bridgewater Commerce Center, and is categorized as an industrial asset.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not specified
- Address: 21323 Clay Road
- Market: Katy
- Square Footage: 32,375
- Landlord: Charles McCain - Harbor Capital Advisors Inc
- Tenant: Mars Shipping Service Inc
- Brokers: Boone Smith, Garret Geaccone & Abraham Richardson - Stream Realty Partners
This lease transaction involved representation from Stream Realty Partners, whose brokers Boone Smith, Garret Geaccone, and Abraham Richardson represented the landlord, Harbor Capital Advisors Inc., in the deal with tenant Mars Shipping Service Inc.
On the Map
Industrial
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Players
Katy 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