Updated Dec 4, 2024
Unimacts Leases 64,177 SF Industrial Space At Northstar Industrial Park In Conroe, Texas
100 Fm 3083
Building Size
64,177 SF
Asset Type
Industrial
Closing
Oct 17, 2023
About this deal
AI
Unimacts, a solar energy parts provider, has leased 64,177 square feet of space at Northstar Industrial Park in Conroe, Texas. The industrial park, owned by BAUER Group, offers potential for up to 750,000 square feet of distribution and manufacturing space across its five buildings.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not disclosed
- Address: 100 FM 3083, Conroe, Texas
- Market: Conroe
- Landlord: BAUER Group
- Tenant: Unimacts
- Landlord's Representative: Dawson Smith & Drew Coupe - Avison Young
- Tenant's Representative: Doc Perrier - Outpost Partners
The lease agreement was facilitated by Doc Perrier from Outpost Partners, who represented Unimacts. The landlord, BAUER Group, was represented by Dawson Smith and Drew Coupe from Avison Young.
On the Map
Industrial
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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