Legion Piping Fabricators Leases Industrial Space In Houston's Langfield Road With Landlord's Rep NAI Partners
6410 Langfield Road, Houston, Texas 77092, United States
Building Size
50,995 SF
Asset Type
Industrial
Closing
Aug 17, 2022
AI
The industrial property located at 6410 Langfield Road in Houston was recently leased. It spans a total area of 50,995 square feet. The lease was finalized on August 18, 2022.
Summary of transaction details
- Property Type: Industrial
- Transaction Date: 08/18/2022
- Address: 6410 Langfield Road
- Market: Houston
- Leased Square Footage: 50,995
The landlord for this property is HOU IND 2 LLC. The tenant, Legion Piping Fabricators Inc, secured the lease with the assistance of their representatives, Patrick McKiernan and Jason Mashni from First Houston Properties. On the landlord's side, Travis Land and A.J. Williams, representing NAI Partners, facilitated the lease agreement.
Players
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