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:
- Property Type: Industrial
- Transaction Amount: Not provided
- Owner/Developer: Reed Vestal - Junction
- Tenant: 4Logic
- Landlord's Rep: Reed Vestal, John Erck & John Saucer - Junction Commercial Real Estate
- Tenant's Rep: David Wang - PropNex Realty Group
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
Houston Industrial Market Snapshot
Boundary boundary · Industrial · Lease transactions
Loading comparables…
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