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
Pasadena Industrial Market Snapshot
Boundary boundary · Industrial · Lease transactions
Loading comparables…
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