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
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