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4000 Cedar Blvd, Baytown, T...

CBRE Represents Boomer White & Jim Stark In Lease Of Industrial Space In Baytown
LEASEDIndustrial

CBRE Represents Boomer White & Jim Stark In Lease Of Industrial Space In Baytown

4000 Cedar Blvd, Baytown, Texas 77523, United States

Building Size

500,000 SF

Asset Type

Industrial

Closing

Jun 5, 2022

AI

The industrial property located at 4000 Cedar Blvd in Baytown has been leased in a long-term deal. The property spans approximately 500,000 square feet and is owned by Reich Brothers, represented by Matt Reich. The leasing transaction was facilitated by Boomer White & Jim Stark of CBRE.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Date: 06/06/2022
  • Address: 4000 Cedar Blvd, Baytown
  • Market: Baytown
  • Square Footage: 500,000 SF

Boomer White & Jim Stark, from CBRE, played a significant role in brokering the lease deal for the industrial property at 4000 Cedar Blvd in Baytown. This long-term agreement allows the tenant to utilize the expansive 500,000 square feet of space. The property is under the ownership of Reich Brothers, with Matt Reich representing the landlord's interests in the transaction.

Players

Boomer White

RevKo Commercial Real Estate

Broker

$5.6M

vol

7 deals

Broker
RB
Reich BrothersLandlord

Baytown 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