SMP Industrial Control & Trading Leases 22,000 SF Industrial Space At 13750 FM 529, West Houston
13750 FM 529 Houston, TX 77084, USA
Building Size
22,000 SF
Asset Type
Industrial
Closing
May 15, 2023
AI
Finial Group, a real estate firm, has facilitated a 22,000-square-foot industrial lease in West Houston at 13750 FM 529, located within Vault 529 Industrial Business Park. The lease agreement was signed by SMP Industrial Control & Trading as the tenant. The terms of the lease were not disclosed.
Summary of transation details
- Property Type: Industrial
- Address: 13750 FM 529, West Houston
In this transaction, the undisclosed landlord was represented by Jason Gibbons and Chase Tucker from Finial Group. They provided their expertise to ensure a successful lease agreement. On the other hand, Chase Cribbs and Drew Donohue from Lee & Associates represented SMP Industrial Control & Trading, negotiating the terms of the lease on their behalf. Their combined efforts resulted in the successful completion of the lease.
Players
Texas 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