Landtech Inc. Leases 24,249 SF Industrial Space In Houston With Tenant's Reps
1315 West Sam Houston Parkway North
Building Size
24,249 SF
Asset Type
Industrial
Closing
Feb 26, 2024
AI
The industrial property involved in the transaction is located at 1315 West Sam Houston Parkway North in Houston. The lease signed for this property is for a total of 24,249 square feet. Landtech Inc., led by Paul Kwan, will be the tenant in this industrial space. The tenant's representative for this deal is Brent Bishop & Dan Boyles from Partners Real Estate, while Andy Havel from Metroway Commercial Realty acted as the landlord's representative.
Summary of transation details:
- Property Type: Industrial
- Transaction Amount: Not specified
- Tenant: Paul Kwan - Landtech Inc.
- Landlord's Rep: Andy Havel - Metroway Commercial Realty
- Tenant's Rep: Brent Bishop & Dan Boyles - Partners Real Estate
- Address: 1315 West Sam Houston Parkway North
- Market: Houston
- Square Footage: 24,249
Partners Real Estate represented Landtech Inc. in securing the industrial lease, while Metroway Commercial Realty was the representative for the undisclosed landlord in this transaction.
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