Catalyst Trading Co. Leases 49,911 Square Feet Of Industrial Space At 3401 Navigation Blvd Houston
3401 Navigation Boulevard
Building Size
49,911 SF
Asset Type
Industrial
Closing
Sep 11, 2024
AI
The property asset involved in this transaction is an industrial space measuring 49,911 square feet located at 3401 Navigation Boulevard in Houston. It features 32-foot clear heights and is equipped with 38 dock doors, catering to operational efficiencies required for industrial activities.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not disclosed
- Address: 3401 Navigation Boulevard
- Market: Houston
- Landlord: Stonelake Capital Partners
- Tenant: Catalyst Trading Co.
- Brokers: Boone Smith & Jeremy Lumbreras - Stream Realty Partners
The deal involved the leasing of the industrial space by Catalyst Trading Co., with Boone Smith and Jeremy Lumbreras of Stream Realty Partners representing the landlord, Stonelake Capital Partners, in this transaction.
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