Updated Dec 11, 2024
JMP USA Leases 69120 Square Feet From Duke Realty Corp In Humble, Texas
8111 Fm 1960, Humble, TX, 77338
Building Size
69,120 SF
Asset Type
Industrial
Closing
Nov 19, 2023
About this deal
AI
The property involved in this transaction is a leased space located at 8111 Fm 1960, Humble, TX, 77338. It encompasses an area of 69,120 square feet and is situated within the Humble market.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 8111 Fm 1960, Humble, TX, 77338
- Market: Humble
- Tenant: JMP USA
- Landlord: Duke Realty Corp
- Tenant's Representative: Devin Rogers - JLL
This transaction highlights the participation of key individuals, particularly Devin Rogers from JLL, who represented JMP USA in securing the lease. The landlord for this property is Duke Realty Corp, which facilitated this agreement.
Players
Humble 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