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100 Farm-to-Market Road 3083

Hertha Metals Signs Industrial Lease In Conroe, Texas
LEASEDIndustrial

Hertha Metals Signs Industrial Lease In Conroe, Texas

100 Farm-to-Market Road 3083

Building Size

18,017 SF

Asset Type

Industrial

Closing

Oct 20, 2023

AI

Hertha Metals has signed an 18,017-square-foot industrial lease in Northstar Industrial Park, Conroe, Texas. The property, located at 100 Farm-to-Market Road 3083, is part of the industrial market in Conroe.

Summary of transaction details:

Avison Young represented the landlord, BAUER Group, in the lease negotiations. The tenant, Hertha Metals, was represented by John Hornbuckle from Cypressbrook.

Players

Drew Coupe

Avison Young

Broker

9 deals

Broker

Christian Gress

BAUER Group

Landlord

2 deals

Landlord

Conroe 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