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814 Farm-to-Market Road 1489

3PL Leases 167,120 SF Industrial Property In Brookshire, Texas With Tenant's Rep From JLL
LEASEDIndustrial

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

Robert McGee

Colliers

Broker

$18M

vol

13 deals

Broker
GP
Growth Capital PartnersLandlord

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