LEASEDIndustrial
Christian Villarreal Of Finial Group Represents Landlord In 24,500-SF Industrial Lease In Houston
11602 Canyon Trail Drive
Building Size
—
Asset Type
Industrial
Closing
Dec 18, 2024
AI
An industrial lease transaction occurred involving a property at 11602 Canyon Trail Drive, located in northwest Houston. The asset encompasses a total space of 24,500 square feet, suitable for industrial use.
Summary of transation details:
- Property Type: Industrial
- Transaction Amount: Not disclosed
- Address: 11602 Canyon Trail Drive
- Market: Houston
- Broker: Christian Villarreal - Finial Group
The landlord was represented by Christian Villarreal from Finial Group, while the tenant and its representative details have not been disclosed.
Players
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