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4111 Greenshadow Dr, Pasade...

Johnson Controls Inc Leases 29954 Square Feet At 4111 Greenshadow Dr Pasadena From Vigavi Zen LLC
LEASEDIndustrial

Johnson Controls Inc Leases 29954 Square Feet At 4111 Greenshadow Dr Pasadena From Vigavi Zen LLC

4111 Greenshadow Dr, Pasadena, TX...

Building Size

29,954 SF

Asset Type

Industrial

Closing

Nov 19, 2023

AI

4111 Greenshadow Dr in Pasadena, TX is the location of a 29,954-square-foot industrial lease. The property is situated in Pasadena, which is an eastern suburb of Houston. The lease involved the landlord Vigavi Zen LLC and the tenant Johnson Controls Inc, a plastics fabricator.

Summary of transaction details:

  • Property Type: Industrial Lease
  • Transaction Amount: Not specified
  • Address: 4111 Greenshadow Dr, Pasadena, TX
  • Market: Pasadena
  • Tenant: Johnson Controls Inc
  • Landlord: Vigavi Zen LLC
  • Tenant's Representative: Carlton Anderson - CBRE
  • Landlord's Representatives: Reed Vestal and Taylor Schmidt - Lee & Associates

The lease negotiation brought together Carlton Anderson from CBRE, representing the tenant, and Reed Vestal and Taylor Schmidt from Lee & Associates, representing the landlord. This collaboration facilitated the agreement between Johnson Controls Inc and Vigavi Zen LLC for the specified industrial space.

Players

Taylor Schmidt

Colliers

Broker

$18M

vol

18 deals

Broker

Pasadena 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