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10750 Barker Cypress Road

MTGK3 Enterprises LLC Secures 3150 Square Foot Industrial Lease At 10750 Barker Cypress Road
LEASEDIndustrial

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

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.

Players

Chase Tucker

Finial Group

Broker

8 deals

Broker

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