Updated Dec 4, 2024
Elin Energy Leases 200k SF Industrial Building In Brookshire, Texas From Welcome Group Of Houston
Building Size
200,000 SF
Asset Type
Industrial
Closing
Oct 6, 2023
About this deal
AI
Ankara-based solar panel manufacturer Elin Energy has fully leased a 200,000-square-foot industrial building located at 220 Twinwood Parkway in Brookshire, Texas. The property is part of the Twinwood Business Park and has been rented from the Welcome Group of Houston. The newly leased facility will be utilized for solar panel manufacturing and will have an annual capacity of 2,000 megawatts.
Summary of Transaction Details
- Property Type: Industrial
- Transaction Amount: Not specified
- Square Footage: 200,000
- Address: 220 Twinwood Parkway, Brookshire, Texas
- Market: Brookshire, Texas
Elin Energy, an Ankara-based solar panel manufacturer, has taken up leasing rights for the industrial building. The deal was arranged through the Welcome Group of Houston, acting as the broker representative for the property. The lease agreement provides Elin Energy with a space of 200,000 square feet in the Twinwood Business Park, allowing the company to expand its solar panel manufacturing operations.
Players
Market Industrial Market Snapshot
Boundary boundary · Industrial · Lease transactions
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Deal FAQ
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