Updated Oct 28, 2024
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
About this deal
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.
On the Map
Industrial
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Players
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