3PL Leases 167,120 SF Industrial Property In Brookshire, Texas With Tenant's Rep From JLL
814 Farm-to-Market Road 1489
Building Size
167,120 SF
Asset Type
Industrial
Closing
Jan 16, 2024
AI
Growth Capital Partners has leased a 167,120 square foot industrial property located at 814 Farm-To-Market Road 1489 in Far West Houston. The property was developed by GCP and is situated in Brookshire, Texas. The lease transaction involved a third-party logistics company based in California.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: Not specified
- Address: 814 Farm-To-Market Road 1489, Brookshire, Texas
- Market: Far West Houston
- Square Footage: 167,120 SF
The tenant in this lease deal, a third-party logistics company, was represented by Will Clay from JLL. Clay acted as the tenant's representative throughout the transaction. On the other hand, Taylor Schmidt, Robert McGee, and Austin Bartula from Lee & Associates served as the landlord's representatives in the deal.
Players
Brookshire 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