Updated Jan 10, 2025
Dalton Wallace Leases Industrial Space To PicklePoint At 15623 Mueschke Road In Cypress
15623 Mueschke Road
$10
$10/SF
Building Size
32,430 SF
Asset Type
Industrial
Closing
Jan 6, 2025
About this deal
AI
The property asset involved in this transaction is an industrial space located at 15623 Mueschke Road in the Cypress market. The lease term is set for 124 months, under a NNN lease structure. The asking rent is $10 per square foot, with a total area of 32,430 square feet.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $10/ft
- Lease Term: 124 Months
- Lease Type: NNN Lease
- Landlord: Dalton Wallace
- Tenant: PicklePoint
- Brokers: Marc Lawson, Andrew Coronado & Steven O'Connor - PrinGroup Commercial
Marc Lawson, Andrew Coronado, and Steven O'Connor, representing PrinGroup Commercial, played key roles in facilitating this lease transaction, bridging the interests of Dalton Wallace, the landlord, and PicklePoint, the tenant.
On the Map
$10
$10/SF
Industrial
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Players
Cypress 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
1586300.00%
Cash-on-Cash
-453369.41%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93