SES Subsea Engineering Solutions Leases 9600 Square Feet From DNV GL USA Inc In Houston
3402 Bacor Rd, Houston, TX, 77084
Building Size
9,600 SF
Asset Type
Industrial
Closing
Nov 20, 2023
AI
The property involved in the transaction is located at 3402 Bacor Rd, Houston, TX, 77084. It is a 9,600-square-foot industrial space that was built in 2017. The market for this property is Houston.
Summary of transaction details:
- Property Type: Industrial Sublease
- Transaction Amount: Not disclosed
- Square Feet: 9,600
- Address: 3402 Bacor Rd, Houston, TX, 77084
- Market: Houston
- Tenant: SES Subsea Engineering Solutions
- Landlord: DNV GL USA Inc
- Tenant’s Representative: Griff Bandy-NAI Capital
- Landlord’s Representative: CBRE
Chris Caudill and Griff Bandy of NAI Partners handled the lease negotiations on behalf of the tenant, SES Subsea Engineering Solutions. CBRE represented the landlord, DNV GL USA Inc, 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