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10161 Harwin Drive

Pressify Inc Leases 12,192 SF Industrial Space In Houston
LEASEDIndustrial

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

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:

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.

Players

Lesley Rice

Partners Real Estate

Broker

4 deals

Broker

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