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6410 Langfield Road, Housto...

Legion Piping Fabricators Leases Industrial Space In Houston's Langfield Road With Landlord's Rep NAI Partners
LEASEDIndustrial

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

Travis Land

Partners Real Estate

Broker

20 deals

Broker
NAI Global
NAI GlobalBrokerage

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