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5115 South Shaver Street

Junction Commercial Real Estate Leases Industrial Property To 4Logic In Houston
LEASEDIndustrial

Junction Commercial Real Estate Leases Industrial Property To 4Logic In Houston

5115 South Shaver Street

Building Size

169,677 SF

Asset Type

Industrial

Closing

Jan 16, 2024

AI

The industrial property located at 5115 South Shaver Street in Houston spans a total of 169,677 square feet. The property is leased to the tenant, 4Logic. The deal was facilitated by Reed Vestal, John Erck, and John Saucer from Junction Commercial Real Estate, representing the landlord, Reed Vestal's company, Junction.

Summary of transaction details:

David Wang from PropNex Realty Group acted as the tenant's representative in the lease transaction. The collaboration between the landlord's representatives, Reed Vestal, John Erck, and John Saucer, from Junction Commercial Real Estate, and David Wang of PropNex Realty Group ensured the successful conclusion of the lease agreement for the industrial property in Houston.

Players

Reed Vestal

Junction Commercial Real Estate

Broker

12 deals

Broker

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