Updated Dec 21, 2023
Amazon's Jeff Bezos Leases 180,000 SF Industrial Property In La Marque
4975 Gulf Freeway, La Marque, TX, USA
Building Size
180,000 SF
Asset Type
Industrial
Closing
Jan 28, 2021
About this deal
AI
Jeff Bezos, founder of Amazon, has leased an industrial property located at 4975 Gulf Freeway in La Marque. The property spans 180,000 square feet and is situated in a bustling market.
Summary of transaction details:
- Property Type: Industrial
- Tenant: Amazon - Jeff Bezos
- Date: 01/29/2021
This lease agreement marks an expansion for Amazon and further solidifies their presence in the industrial sector. Jeff Bezos, as the representative of Amazon, has taken the opportunity to secure this spacious property in La Marque.
Players
La Marque Industrial Market Snapshot
Boundary boundary · Industrial · Lease transactions
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Deal FAQ
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