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431 East Airtex Drive

Colliers Brokers ±166,250 SF Lease At Airtex Commerce Center In Houston, Texas
LEASEDIndustrial

Colliers Brokers ±166,250 SF Lease At Airtex Commerce Center In Houston, Texas

431 East Airtex Drive

Building Size

166,250 SF

Asset Type

Industrial

Closing

Sep 21, 2023

AI

Colliers has brokered a lease for a ±166,250 square foot space at Airtex Commerce Center in Houston, Texas. The industrial property, located at 431 Airtex Drive, was leased by Power Electronics USA, represented by Colliers. The landlord, TRPF Airtex Commerce Center, was represented by Transwestern.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: Not specified
  • Address: 431 Airtex Drive, Houston, Texas
  • Market: Houston
  • Tenant: Power Electronics USA - David Salvo
  • Landlord: TRPF Airtex Commerce Center
  • Tenant's Representative: Ben Condara, John Nicholson & Robyn Hurrell - Colliers
  • Landlord's Representative: Brian Gammill, Darryl Noon & Craig Bean - Transwestern

The lease at Airtex Commerce Center was facilitated by Colliers on behalf of Power Electronics USA. Representing the landlord, Transwestern successfully negotiated the transaction for TRPF Airtex Commerce Center.

Players

Robyn Hurrell

Colliers

Broker

$113.4M

vol

6 deals

Broker

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