Updated Oct 29, 2024
Ocean Edge Services Leases Industrial Space In Houston At 8430 N. Sam Houston Parkway W
8430 N. Sam Houston Parkway W,Houston,Texas
Building Size
19,755 SF
Asset Type
Industrial
Closing
Apr 4, 2023
About this deal
AI
The industrial property located at 8430 N. Sam Houston Parkway W in Houston has been leased. The property spans a total of 19,755 square feet. The lease was signed on 04/04/2023.
Summary of transation details
- Property Type: Industrial
- Transaction Date: 04/04/2023
- Address: 8430 N. Sam Houston Parkway W, Houston
- Square Footage: 19,755
The landlord for the leased property is 8430 North Belt, LLC. Ocean Edge Services is the tenant who will be occupying the space. Travis Land from Partners Real Estate represented the landlord in the deal, while Will Austin from Bridge Commercial Real Estate represented the tenant.
On the Map
Industrial
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Players
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