Partners Real Estate Secures 47,736 Square Foot Industrial Lease At 3012 Venergy Drive In Brookshire
3012 Venergy Drive
Building Size
47,736 SF
Asset Type
Industrial
Closing
Sep 3, 2024
AI
The property involved in this transaction is a 47,736-square-foot industrial building located at 3012 Venergy Drive in the Brookshire market of Houston. The asset is under the management of VEnergy Industrial Park I LLC.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not specified
- Square Footage: 47,736
- Address: 3012 Venergy Drive
- Market: Brookshire
- Landlord: VEnergy Industrial Park I LLC
- Landlord's Representative: Braedon Emde & Travis Land - Partners Real Estate
- Tenant's Representative: Jon Farris - CBRE
Travis Land and Braedon Emde from Partners Real Estate represented the landlord in the lease transaction, while Jon Farris of CBRE represented the tenant, ensuring a successful agreement for the single-tenant industrial space.
Players
Brookshire 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