Updated Dec 4, 2024
Wallenius Wilhelmsen Leases 273,480 SF Industrial Space In Houston
7561 South Sam Houston Parkway East
Building Size
273,480 SF
Asset Type
Industrial
Closing
Apr 26, 2024
About this deal
AI
The industrial property at 7561 South Sam Houston Parkway East in Houston spans 273,480 square feet and features a cross-dock facility with 48 dock doors and ample parking. The lease transaction involved the landlord, Bob Faith of Greystar Real Estate Partners, and the tenant, Lasse Kristoffersen of Wallenius Wilhelmsen.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not specified
- Address: 7561 South Sam Houston Parkway East
- Market: Houston
- Landlord: Bob Faith - Greystar Real Estate Partners
- Tenant: Lasse Kristoffersen - Wallenius Wilhelmsen
- Landlord's Rep: JLL
- Tenant's Rep: Hoan Le & Quinten Davis - CBRE
CBRE's Hoan Le and Quinten Davis represented the tenant, Wallenius Wilhelmsen, in the lease negotiations for Building 2 at Beltway 35 Business Park. JLL acted on behalf of the landlord, Greystar Real Estate Partners, in facilitating the significant industrial lease deal.
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