Lebco Industries Leases 80260 Square Feet At 6913 Guhn Road In Houston With JLL Representation
6913 Guhn Road
Building Size
80,260 SF
Asset Type
Industrial
Closing
Nov 21, 2024
AI
The property asset involved in this transaction is an industrial space located at 6913 Guhn Road in northwest Houston, totaling 80,260 square feet. This asset is part of the Houston market.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not disclosed
- Address: 6913 Guhn Road
- Market: Houston
- Landlord: Peter E. Baccile - First Industrial Realty Trust
- Tenant: Lebco Industries
- Landlord's Representative: Jeremy Lumbreras & William Carpenter - Stream Realty Partners
- Tenant's Representative: David Buescher & Geoff Perrott - JLL
Lebco Industries has entered into a lease agreement for its furniture manufacturing operations. Jeremy Lumbreras and William Carpenter represented the landlord, while David Buescher and Geoff Perrott represented the tenant in this transaction.
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