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100 Fm 3083

Membrane Platforms Leases 27,200 Square Feet Industrial Space From BAUER Group In Conroe Texas
LEASEDIndustrial

Membrane Platforms Leases 27,200 Square Feet Industrial Space From BAUER Group In Conroe Texas

100 Fm 3083

Building Size

27,200 SF

Asset Type

Industrial

Closing

Dec 17, 2024

AI

The asset involved in this lease transaction is a 27,200-square-foot industrial property located at 100 Fm 3083 in Conroe, Texas. This property is positioned within the NorthStar Industrial Park, catering to the industrial market in the region.

Summary of transation details:

  • Property Type: Industrial
  • Transaction Amount: Not disclosed
  • Address: 100 Fm 3083
  • Market: Conroe, TX
  • Landlord: BAUER Group
  • Tenant: Membrane Platforms
  • Brokers: Drew Coupe & Dawson Smith - Avison Young
  • Tenant Representative: Ron Wickes - Walzel Properties

Drew Coupe and Dawson Smith from Avison Young represented the landlord, BAUER Group, in this lease agreement. Ron Wickes from Walzel Properties acted as the representative for the tenant, Membrane Platforms, facilitating this transaction within the industrial sector.

Players

Drew Coupe

Avison Young

Broker

9 deals

Broker

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