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
- Property Type: Industrial
- Tenant: Molto Properties - Chad Parrish
- Landlord: S.I. Warehousing Co., Inc.
- Tenant's Representative: David Munson - Boyd Commercial
- Landlord's Representatives: Kelley Parker, Coe Parker, & John Littman - Cushman & Wakefield
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
La Porte 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