Updated Dec 21, 2024
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
About this deal
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.
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