Starplast USA Leases Industrial Property At 8221 Volta Drive In Houston
8221 Volta Dr, Humble, TX 77338
Building Size
337,700 SF
Asset Type
Industrial
Closing
Apr 12, 2022
AI
An industrial property located at 8221 Volta Drive in Houston has recently been leased. The property, spanning approximately 337,700 square feet, was leased on 04/13/2022.
Summary of transaction details:
- Property Type: Industrial
- Transaction Date: 04/13/2022
- Address: 8221 Volta Drive, Houston
- Square Footage: 337,700
The tenant for this lease is Starplast USA. Representing the landlord, Duke Realty, were Matt Hyman and Bryan Parker. On the other hand, Ryan Fuselier from JLL, and Patrick Rollins and Ed Frantz from CBRE, acted as the tenant's representatives in the deal.
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