Starplast USA LLC Leases 56,195 SF Industrial Space In Humble TX
8575 Volta Dr, Humble, TX, 77338
Building Size
56,195 SF
Asset Type
Industrial
Closing
Jul 12, 2019
AI
The property involved in this lease transaction is an industrial asset located at 8575 Volta Drive, Humble, TX, 77338, encompassing a total of 56,195 square feet. The overall property spans 168,400 square feet and was constructed in 2016. The market for the property is Humble, a suburb situated in the northern region of Houston.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not specified
- Address: 8575 Volta Dr, Humble, TX, 77338
- Square Feet: 56,195
- Tenant: Starplast USA LLC
- Landlord: Nuveen Real Estate
- Tenant's Representative: Ryan Fuselier - JLL
- Landlord's Representative: John Hornbuckle - Cypressbrook Co.
Key individuals associated with this lease include Ryan Fuselier, representing the tenant, Starplast USA LLC, and John Hornbuckle, representing the landlord, Nuveen Real Estate. The lease agreement was finalized on July 12, 2019, marking a significant commitment for Starplast USA LLC in the industrial market of Humble.
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