A&R Logistics Leases Industrial Property In Houston Baytown By Mark Holden And Michael J. Plank
Ameriport Parkway, Baytown, TX, USA
Building Size
133,333 SF
Asset Type
Industrial
Closing
Jun 15, 2020
AI
A lease transaction was completed on AmeriPort Pkwy in Houston's Baytown market. The asset involved in the deal is an industrial property spanning 133,333 square feet.
Summary of transaction details
- Property Type: Industrial
- Transaction Date: 06/16/2020
- Address: AmeriPort Pkwy, Houston
- Market: Baytown
- Tenant: A&R Logistics - Mark Holden
- Landlord: National Property Holdings - Michael J. Plank
- Broker: Colliers International - Charles G. Fertitta Jr. & Robert Alinger
In this lease transaction, A&R Logistics, represented by Mark Holden, acquired the lease of the industrial property from National Property Holdings, represented by Michael J. Plank. The deal was facilitated by Charles G. Fertitta Jr. and Robert Alinger of Colliers International.
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