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NEC Sam Houston Tollway & C...

Investment & Development Ventures LLC Leases Industrial Asset In Houston For 603,389 SF - Cushman & Wakefield Brokers Involved
LEASEDIndustrial

Investment & Development Ventures LLC Leases Industrial Asset In Houston For 603,389 SF - Cushman & Wakefield Brokers Involved

NEC Sam Houston Tollway & Cullen Blvd

Building Size

603,389 SF

Asset Type

Industrial

Closing

Dec 13, 2022

AI

Investment & Development Ventures LLC has successfully leased an industrial property located at the NEC Sam Houston Tollway & Cullen Blvd in Houston. The property offers a whopping 603,389 square feet of space, making it a significant asset in the market.

Summary of transaction details:

This lease transaction was facilitated by the renowned brokerage firm Cushman & Wakefield, with brokers Stephen Schneidau, Chuck Berger, Jim Foreman, and Brooke Forrest representing the landlord in the deal. The successful lease of this expansive industrial property showcases the expertise and negotiation skills of these brokers, further solidifying their reputation in the industry.

Players

Stephen Schneidau

Cushman & Wakefield

Broker

1 deal

Broker
IL
Investment & Development Ventures LLCLandlord

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