Advanced Control Systems LLC Leases 28000 Square Feet At 4903 West Sam Houston Pkwy N
4903 West Sam Houston Pkwy N, Hou...
Building Size
28,000 SF
Asset Type
Industrial
Closing
Nov 19, 2023
AI
The property involved in this transaction is situated at 4903 West Sam Houston Parkway N in the market of Rosenberg. The lease covers a total area of 28,000 square feet, serving as an industrial space for the tenant.
Summary of transaction details:
- Property Type: Industrial Lease
- Transaction Amount: Not specified
- Address: 4903 West Sam Houston Pkwy N
- Market: Rosenberg
- Square Feet: 28,000
- Tenant: Advanced Control Systems LLC
- Landlord: Cole Family Partnership Ten Ltd
- Tenant's Representative: John Ferruzzo - Transwestern
- Landlord's Representatives: Kyle Prater, Doug Nicholson - Newmark
The deal was facilitated by NAI Partners, with John Ferruzzo and Chris Kugle representing Advanced Control Systems LLC during the lease negotiations. The landlord, Cole Family Partnership Ten Ltd, was represented by Doug Nicholson and Kyle Prater from Newmark Knight Frank.
Players
Rosenberg 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