FCA Leases 46720 Square Feet At 9811 Katy Fwy Houston To Tenant Represented By John Ferruzzo And Jon Silberman
9811 Katy Fwy, Houston, TX, 77024
Building Size
46,720 SF
Asset Type
Industrial
Closing
Nov 20, 2023
AI
The property asset involved is a 47,000-square-foot industrial sublease located at 9811 Katy Freeway, Houston, TX, 77024. This transaction is situated in the Houston market and involves FCA as the landlord.
Summary of transaction details:
- Property Type: Industrial Sublease
- Transaction Amount: Not disclosed
- Square Feet: 47,000
- Address: 9811 Katy Fwy, Houston, TX, 77024
- Market: Houston
- Tenant: Fairfield Nodal
- Tenant's Representatives: John Ferruzzo - Transwestern, Jon Silberman - NAI Capital
- Landlord: FCA
NAI Partners facilitated the negotiation of this sublease agreement, with Jon Silberman, John Ferruzzo, and Nick Peterson representing the tenant, Fairfield Nodal. The specifics regarding the sub-landlord have not been disclosed.
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