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10634 Tanner Rd, Houston, T...

TSC Apparel LLC Leases 89060 Square Feet At 10634 Tanner Rd Houston TX From WPT Apex DCLP
LEASEDIndustrial

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

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.

Players

Joshua Young

Newmark

Broker

3 deals

Broker
WD
WPT Apex DCLPLandlord
TL
TSC Apparel LLCTenant

Houston Industrial Market Snapshot

Boundary boundary · Industrial · Lease transactions

Loading comparables…

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