Very Best of Texas Inc Leases 45,590 SF Industrial Space In Houston
7350 Langfield Road
Building Size
45,590 SF
Asset Type
Industrial
Closing
Mar 14, 2024
AI
An industrial property spanning 45,590 square feet located at 7350 Langfield Road in Houston was involved in a recent lease transaction. The deal took place between the landlord, Cinch Kit LLC, and the tenant, Very Best of Texas Inc.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not specified
- Address: 7350 Langfield Road
- Market: Houston
- Landlord: Cinch Kit LLC
- Tenant: Very Best of Texas Inc
The industrial sublease at 7350 Langfield Road was brokered by Jacob Summers & Stephen Hazen of Oxford Partners, representing the tenant, Very Best of Texas Inc. On the other side, representing the landlord, Cinch Kit LLC, were Joseph Smith & Savannah Smith from CBRE.
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