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8251 Liberty Road

MS Warehousing Leases 212280 Square Feet At First Liberty Logistics Center In Houston
LEASEDIndustrial

MS Warehousing Leases 212280 Square Feet At First Liberty Logistics Center In Houston

8251 Liberty Road

Building Size

212,280 SF

Asset Type

Industrial

Closing

Aug 26, 2024

AI

The property asset involved in this transaction is an industrial space located at 8251 Liberty Road in Houston, Texas. The building has a total square footage of 212,280 and is part of a larger speculative project spanning 424,560 square feet, developed by First Industrial Realty Trust. The facility features 40-foot clear heights and is scheduled for completion in fall 2025.

Summary of transation details:

The key individuals and companies involved in this lease transaction include Peter E. Baccile representing the landlord, while MS Warehousing is represented by Grant Hortenstine from CBRE and Bob Berry from Savills. The landlord's interests are represented by David Munson and Garrett Thomas of Cushman & Wakefield.

Players

David Munson

Broker

9 deals

Broker

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