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3402 Bacor Rd, Houston, TX,...

SES Subsea Engineering Solutions Leases 9600 Square Feet From DNV GL USA Inc In Houston
LEASEDIndustrial

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

Griff Bandy

NAI Global

Broker

9 deals

Broker
DI
DNV GL USA IncLandlord
SS
SES Subsea Engineering SolutionsTenant

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