LTR Intermediate Holdings Leases Industrial Property At 2425 Turning Basin Drive In Houston With Rep John D. Garza - Windsor Hill Real Estate Group
2425 Turning Basin Drive, Houston, Texas 77029, United States
Building Size
127,046 SF
Asset Type
Industrial
Closing
Sep 12, 2022
AI
An industrial property measuring 127,046 square feet located at 2425 Turning Basin Drive in Houston has been leased. The lease transaction was completed on September 13, 2022.
Summary of transaction details
- Property Type: Industrial
- Transaction Date: September 13, 2022
- Address: 2425 Turning Basin Drive, Houston
- Market: Houston
- Size: 127,046 square feet
The landlord for this property is Macey Family Properties, represented by Stephanie Holt. The tenant in this lease transaction is LTR Intermediate Holdings. The landlord was represented by John Nicholson, Zack Taylor, and Trey Horne from Colliers, while the tenant was represented by John D. Garza from Windsor Hill Real Estate Group.
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