Updated Dec 4, 2024
Pressify Inc Leases 12,192 SF Industrial Space In Houston
10161 Harwin Drive
Building Size
12,192 SF
Asset Type
Industrial
Closing
May 10, 2024
About this deal
AI
Located at 10161 Harwin Drive in West Houston, the industrial property spans 12,192 square feet. The lease was secured by Pressify Inc., a custom printing services provider for the apparel industry.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not specified
- Tenant: Pressify Inc
- Landlord's Rep: Andy Parish & Lesley Rice - Partners Real Estate
- Tenant's Rep: Jacob Summers & Stephen Hazen - Oxford Partners
The lease negotiations for the industrial property were handled by Stephen Hazen and Jacob Summers from Oxford Partners, representing Pressify Inc. Lesley Rice and Andy Parish, from Partners Real Estate, acted as the landlord's representatives.
On the Map
Industrial
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Players
Houston 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