facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

Texas

/

Industrial

/

Lease

/

739 Independence Parkway, D...

Molto Properties Leases 252,203 SF Industrial Space In Deer Park
LEASEDIndustrial

Molto Properties Leases 252,203 SF Industrial Space In Deer Park

739 Independence Parkway, Deer Park, TX, USA

Building Size

252,203 SF

Asset Type

Industrial

Closing

Dec 13, 2020

AI

An industrial property in Deer Park has been leased to Molto Properties. The property, located at 739 Independence Parkway, covers an area of 252,203 square feet. The lease was signed on December 14, 2020.

Summary of transaction details

David Munson from Boyd Commercial represented Molto Properties in the lease deal. The landlord S.I. Warehousing Co., Inc. was represented by Kelley Parker, Coe Parker, and John Littman from Cushman & Wakefield.

Players

David Munson

Broker

9 deals

Broker
MP
Molto PropertiesTenant

La Porte Industrial Market Snapshot

Boundary boundary · Industrial · Lease transactions

Loading comparables…

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