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8020 Northcourt Road

Colliers Arranges 189000 Square Foot Lease For Provident Industrial At 8020 Northcourt Road
LEASEDIndustrial

Colliers Arranges 189000 Square Foot Lease For Provident Industrial At 8020 Northcourt Road

8020 Northcourt Road

Building Size

189,000 SF

Asset Type

Industrial

Closing

Aug 22, 2025

AI

The property asset involved in this transaction is an industrial facility located at 8020 Northcourt Road in the Houston market. The asset encompasses a total square footage of 189,000, occupying 77% of the newly built facility.

Summary of transaction details:

The lease was arranged by Colliers on behalf of landlord Provident Industrial, successfully securing the lease for the significant portion of the newly constructed industrial facility.

Players

Robert McGee

Colliers

Broker

$18M

vol

13 deals

Broker
Colliers
ColliersBrokerage
Leon Backes

Leon Backes

Provident Realty Advisors

Landlord

$32M

vol

5 deals

Landlord
Provident Realty Advisors
Provident Realty AdvisorsLandlord

Houston 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