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
Houston Industrial Market Snapshot
Boundary boundary · Industrial · Lease transactions
Loading comparables…
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