Updated Sep 17, 2026
Patrick McKiernan Of First Houston Properties Represents Tenant In Baytown Industrial Lease Of 428,080 SF
9100 Fm 1405
Building Size
428,080 SF
Asset Type
Industrial
Closing
Sep 8, 2026
About this deal
AI
The asset involved in this transaction is an industrial property located at 9100 Fm 1405 in Baytown, with a total square footage of 428,080. This property is under a NNN lease structure, which indicates that the tenant is responsible for paying all property expenses, including taxes, insurance, and maintenance.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not specified
- Address: 9100 Fm 1405
- Market: Baytown
- Lease Type: NNN Lease
- Tenant's Representative: Patrick McKiernan - First Houston Properties
This transaction involves Patrick McKiernan, who represents the tenant in the lease agreement. His affiliation with First Houston Properties indicates his role in facilitating this lease arrangement.
On the Map
Industrial
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Mont Belvieu 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