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14820 Tomball Pkwy, Houston...

Darren O’Conor And Jake Wilkinson Of NAI Capital Represent Tenant In Lease At 14820 Tomball Pkwy Houston
LEASEDIndustrial

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

Darren O’Conor

Partners Real Estate

Broker

13 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