Updated Aug 28, 2025
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
About this deal
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:
- Property Type: Industrial
- Transaction Amount: Not specified
- Address: 8020 Northcourt Road
- Market: Houston
- Landlord: Leon Backes - Provident Industrial
- Brokers: Robert McGee, Taylor Schmidt & Austin Bartula - Colliers
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.
On the Map
Industrial
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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