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4610 S Sam Houston Pkwy W H...

Updated Oct 29, 2024

Porcelanosa USA Leases 70K SF Industrial Space At The Business Center At Five Corners In Houston
LEASEDIndustrial

Porcelanosa USA Leases 70K SF Industrial Space At The Business Center At Five Corners In Houston

4610 S Sam Houston Pkwy W Houston, TX 77053, USA

Building Size

70,000 SF

Asset Type

Industrial

Closing

Aug 23, 2023

About this deal

AI

Porcelanosa USA has leased a 70,000 square foot industrial space at The Business Center at Five Corners in Houston. This property is owned by Levey Group and ANICO Eagle, and it is located at 4610 South Sam Houston Pkwy West. The industrial space is part of an industrial complex which offers a prime location for businesses to operate in Houston's bustling market.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: Not specified
  • Address: 4610 South Sam Houston Pkwy West, Houston
  • Market: Houston
  • Asset Size: 70,000 square feet

The lease negotiations for this property were facilitated by two prominent real estate companies. CBRE, represented by Nathan Wynne, Joseph Smith, and Savannah Smith, acted as the landlord's representative. On the other hand, John Talhelm from JLL served as the tenant's representative for Porcelanosa USA. These individuals played vital roles in bridging the leasing agreement between the landlord, Levey Group and ANICO Eagle, and the tenant, Porcelanosa USA.

This lease agreement signifies Porcelanosa USA's expansion plans and their choice of The Business Center at Five Corners as the ideal location for their operations within the Houston market. The property's strategic location, combined with its spacious 70,000 square feet, provides Porcelanosa USA with the necessary space to thrive in the industrial sector. The lease agreement represents a significant milestone for all parties involved, paving the way for mutual success in the Houston market.

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Industrial

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Players

Nathan Wynne

CBRE

Broker

$170.5K

vol

22 deals

Broker
LG
Levey GroupLandlord
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Crockett 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

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