East Coast Warehouse & Distribution Leases 321440 SF Industrial Space From Velocis In Baytown
9200 Fm 1405
Building Size
321,440 SF
Asset Type
Industrial
Closing
Jan 20, 2026
AI
East Coast Warehouse & Distribution has fully leased a 321,440 sq ft industrial building located at 9200 FM 1405 in Baytown, TX. The asset is held by Velocis and features 69 dock doors, parking for 224 cars, and space for 87 trailers.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $42.5 million
- Address: 9200 FM 1405, Baytown
- Landlord: Jim Yoder - Velocis
- Tenant: Jamie Overley - East Coast Warehouse & Distribution
- Landlord's Representative: KDC Advisors
- Tenant's Representative: Cushman & Wakefield
This lease transaction involved key individuals including Jim Yoder representing Velocis as the landlord and Jamie Overley from East Coast Warehouse & Distribution as the tenant. The deal was brokered by KDC Advisors for the landlord and Cushman & Wakefield for the tenant.
Players
Baytown 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