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311 Bay Area BLVD, Houston,...

Lucian Bukowski Of CBRE Facilitates Lease For 110,000 SF Industrial Space In Houston
LEASEDIndustrial

Lucian Bukowski Of CBRE Facilitates Lease For 110,000 SF Industrial Space In Houston

311 Bay Area BLVD, Houston, TX, 77058

Building Size

110,000 SF

Asset Type

Industrial

Closing

Feb 14, 2018

AI

The industrial property located at 311 Bay Area Blvd in Houston, TX, 77058, leased by Calpine Corp., spans 110,000 square feet. The tenant, Calpine Corp., was represented by Lucian Bukowski of CBRE in the lease negotiations. The landlord, Bay Bluff LP, was not disclosed.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: Not disclosed
  • Tenant: Calpine Corp.
  • Tenant's Representative: Lucian Bukowski (CBRE)
  • Landlord: Bay Bluff LP
  • Square Feet: 110,000
  • Property Address: 311 Bay Area Blvd, Houston, TX, 77058

Calpine Corp. secured a lease for 110,000 square feet at the industrial property. Lucian Bukowski from CBRE skillfully represented Calpine Corp. in the negotiations, ensuring a successful transaction. On the landlord's side, Bay Bluff LP was the entity overseeing the lease agreement.

Players

Lucian Bukowski

CBRE

Broker

7 deals

Broker
BL
Bay Bluff LPLandlord

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