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1315 West Sam Houston Parkw...

Landtech Inc. Leases 24,249 SF Industrial Space In Houston With Tenant's Reps
LEASEDIndustrial

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

Dan Boyles

Partners Real Estate

Broker

19 deals

Broker

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