Updated Oct 16, 2025
PepsiCo Signs Long-Term Lease For 1.05 Million Square Feet In Brookshire Texas
31270 Kingsland Boulevard
Building Size
1,050,000 SF
Asset Type
Industrial
Closing
Oct 14, 2025
About this deal
AI
The asset involved in this transaction is an industrial property located at 31270 Kingsland Boulevard in Brookshire, Texas. It has a total square footage of 1,050,000. The market for this property is Brookshire, and it is part of the I-10 West Trade Center.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Long-term lease
- Landlord: Steven Caple - Hunt Southwest
- Tenant: Ramon Laguarta - PepsiCo
- Landlord's Rep: CBRE
- Tenant's Rep: Cresa
- Lease Term: Long-term
This transaction marks a significant deal in the Houston area, as PepsiCo has signed a long-term lease for the property, making it the largest industrial lease of the year. Cresa played a crucial role in representing PepsiCo, while CBRE was the representation for the landlord, Hunt Southwest, in this transaction.
On the Map
Industrial
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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