Updated Oct 28, 2024
PK Industrial LLC Leases 91,000 SF Industrial Space In Jacinto City
4800 Fidelity Street, Houston, Texas 77029, United States
Building Size
91,000 SF
Asset Type
Industrial
Closing
Mar 30, 2022
About this deal
AI
4800 Fidelity Street in Jacinto City has been leased. The industrial property spans 91,000 square feet and was leased by PK Industrial LLC. The lease transaction was facilitated by Eric Hughes from Centermark Commercial Real Estate, representing the landlord, and Chris Caudill from NAI Partners, representing the tenant.
Summary of transaction details:
- Property Type: Industrial
- Transaction Date: 03/31/2022
- Address: 4800 Fidelity Street, Jacinto City
- Square Footage: 91,000
- Tenant: PK Industrial LLC
- Landlord's Rep: Eric Hughes - Centermark Commercial Real Estate
- Tenant's Rep: Chris Caudill - NAI Partners
Eric Hughes from Centermark Commercial Real Estate acted as the representative for the landlord in the lease deal. Chris Caudill from NAI Partners represented PK Industrial LLC, the tenant.
On the Map
Industrial
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Players
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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