Updated Dec 4, 2024
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
About this deal
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:
- Property Type: Industrial
- Square Footage: 18,017
- Address: 100 Farm-to-Market Road 3083
- Market: Conroe
- Landlord: BAUER Group - Christian Gress
- Tenant: Hertha Metals
- Landlord's Representative: Dawson Smith & Drew Coupe - Avison Young
- Tenant's Representative: John Hornbuckle - Cypressbrook
Avison Young represented the landlord, BAUER Group, in the lease negotiations. The tenant, Hertha Metals, was represented by John Hornbuckle from Cypressbrook.
On the Map
Industrial
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Players
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