Darren O’Conor And Jake Wilkinson Of NAI Capital Represent Tenant In Lease At 14820 Tomball Pkwy Houston
14820 Tomball Pkwy, Houston, TX, 77...
Building Size
19,260 SF
Asset Type
Industrial
Closing
May 31, 2019
AI
The property involved in this lease transaction is located at 14820 Tomball Parkway in Houston, Texas. It consists of a newly constructed industrial space with a total square footage of 19,260. The overall property encompasses 54,738 square feet of divisible area, suitable for industrial use.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not disclosed
- Address: 14820 Tomball Pkwy, Houston, TX
- Market: Houston
- Square Feet: 19260
- Tenant: Alpha Insulation & Waterproofing
- Tenant's Representative: Darren O’Conor (NAI Capital), Jake Wilkinson (NAI Capital)
- Landlord: Unknown
Darren O’Conor and Jake Wilkinson of NAI Partners played crucial roles in representing Alpha Insulation & Waterproofing during the lease negotiations. The landlord's identity and their representative have not been disclosed 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