Awesung Leases Industrial Property In Missouri City With Transwestern As Brokers
611 South Cravens Road, Missouri City, TX, USA
Building Size
239,124 SF
Asset Type
Industrial
Closing
Apr 25, 2020
AI
Awesung has recently leased an industrial property located at 611 S. Cravens Road in Missouri City. The property spans a total of 239,124 square feet, making it well-suited for industrial purposes. The lease transaction was facilitated by Jude Filippone, Brian Gammill, and Darryl Noon of Transwestern.
Summary of transaction details
- Property Type: Industrial
- Transaction Date: 04/25/2021
- Address: 611 S. Cravens Road, Missouri City
- Square Footage: 239,124
The lease of this industrial property to Awesung showcases the demand for suitable spaces in Missouri City's market. Jude Filippone, Brian Gammill, and Darryl Noon of Transwestern played a pivotal role in facilitating this transaction, representing Awesung throughout the leasing process.
Players
Missouri City 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