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Borusan Rd, Baytown, TX, 77523

Walmart Leases 1 Square Foot At Borusan Rd Baytown From Hunt Southwest With Jason Dillee As Landlord's Rep
LEASEDIndustrial

Walmart Leases 1 Square Foot At Borusan Rd Baytown From Hunt Southwest With Jason Dillee As Landlord's Rep

Borusan Rd, Baytown, TX, 77523

Building Size

1 SF

Asset Type

Industrial

Closing

Nov 20, 2023

AI

A lease has been signed for a 1 million-square-foot distribution center located at Borusan Rd, Baytown, TX, 77523, in the Baytown market. The property is developed by Hunt Southwest and is intended for Walmart's expansion of its supply chain operations near Port Houston.

Summary of transaction details:

  • Property Type: Lease
  • Transaction Amount: Not specified
  • Square Feet: 1,000,000
  • Address: Borusan Rd, Baytown, TX, 77523
  • Market: Baytown
  • Landlord: Hunt Southwest
  • Landlord's Rep: Jason Dillee - CBRE
  • Tenant: Walmart

The development was initiated in September 2020 and completed in April 2021. Jones Smith, Bill Frain, and Jamie Roussel from CBRE represented Walmart during the lease negotiations, whereas Jason Dillee and Nathan Wynne of CBRE represented Hunt Southwest. Walmart plans to open the new facility in the fall and anticipates adding approximately 300 new jobs to the regional economy.

Players

Jason Dillee

CBRE

Broker

9 deals

Broker
HS
Hunt SouthwestLandlord
W
WalmartTenant

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