Updated Dec 4, 2024
MTGK3 Enterprises LLC Secures 3150 Square Foot Industrial Lease At 10750 Barker Cypress Road
10750 Barker Cypress Road
Building Size
3,150 SF
Asset Type
Industrial
Closing
Jul 24, 2024
About this deal
AI
The property involved in this transaction is an industrial asset located at 10750 Barker Cypress Road in Cypress, covering a total area of 3,150 square feet. This lease transaction was secured for an undisclosed landlord, contributing to the industrial market in northwest Houston.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not disclosed
- Square Footage: 3,150
- Address: 10750 Barker Cypress Road
- Market: Cypress
- Tenant: MTGK3 Enterprises LLC
- Broker Representatives: Chase Tucker & Tyler Holt - Finial Group
The negotiations for this lease were handled directly by the tenant, MTGK3 Enterprises LLC, showcasing their involvement in the process. The transaction was facilitated by Chase Tucker and Tyler Holt from Finial Group, who acted as the brokers in this deal.
On the Map
Industrial
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Players
Cypress 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