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6415 Langfield Road, Housto...

JFC International Leases 134.8K SF Industrial Space In Houston From Cabot Properties Inc
LEASEDIndustrial

JFC International Leases 134.8K SF Industrial Space In Houston From Cabot Properties Inc

6415 Langfield Road, Houston, TX 77092, USA

Building Size

134,800 SF

Asset Type

Industrial

Closing

Aug 19, 2020

AI

An industrial property located at 6415 Langfield Road in Houston has been leased. The property spans a total of 134,800 square feet and sits on 8.5 acres. The lease transaction took place on August 19, 2021.

Summary of transaction details

Billy Gold from CBRE represented JFC International as their representative in the leasing deal. On the other side, John Nicholson and Trey Horne from Colliers International served as the representatives for Cabot Properties Inc, the landlord.

Players

John Nicholson

Colliers

Broker

6 deals

Broker
Cabot Properties
Cabot PropertiesLandlord

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