Updated Oct 29, 2024
TSC Apparel LLC Leases 89060 Square Feet At 10634 Tanner Rd Houston TX From WPT Apex DCLP
10634 Tanner Rd, Houston, TX, 77041
Building Size
89,060 SF
Asset Type
Industrial
Closing
Nov 20, 2023
About this deal
AI
The property involved in this transaction is located at 10634 Tanner Rd, Houston, TX, 77041, within the Houston market. It features a total size of 89,060 square feet and is part of a larger structure that spans 214,811 square feet. The property was constructed in 2015 and is utilized for industrial purposes.
Summary of transaction details:
- Property Type: Industrial Lease
- Transaction Amount: Not specified
- Tenant: TSC Apparel LLC
- Landlord: WPT Apex DCLP
- Tenant's Representative: Joshua "Josh" Young (Newmark)
- Landlord's Representative: JLL
This lease extension was represented by Rob Stillwell, Si Pitstick, and Josh Young of Newmark, who negotiated on behalf of TSC Apparel LLC. The landlord, WPT Apex DCLP, was represented in this agreement by JLL, highlighting the roles of multiple parties in the lease arrangement.
On the Map
Industrial
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Players
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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