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7350 Langfield Road

Very Best of Texas Inc Leases 45,590 SF Industrial Space In Houston
LEASEDIndustrial

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

Joseph Smith

CBRE

Broker

$30.9M

vol

11 deals

Broker

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