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16333 Tomball Parkway

Guardian Leases 71,645 SF Of Industrial Space At The Mill At 249 In Tomball, Houston
LEASEDIndustrial

Guardian Leases 71,645 SF Of Industrial Space At The Mill At 249 In Tomball, Houston

16333 Tomball Parkway

Building Size

71,645 SF

Asset Type

Industrial

Closing

Sep 18, 2023

AI

Guardian, a Houston-based leader in height safety products, has leased 71,645 square feet of industrial space at The Mill at 249 in Tomball, Texas. This lease will enable Guardian to enhance customer service and streamline operations, further reinforcing its commitment to its safety ecosystem, which includes fall protection, dropped object prevention, and expert training.

Summary of transaction details

The lease agreement at The Mill at 249 in Tomball, Texas, was facilitated by Cushman & Wakefield's Beau Kaleel and Brooke Swerdlow, who represented the landlord, Willowbrook Property Owner, LP, and Greystar's Bob Faith. Guardian was represented by Colliers' Tom Condon, Jr., Greg Cizik, Edward Edson, and John Grimsley.

Players

Tom Condon Jr.

Colliers

Broker

24 deals

Broker
Greystar
GreystarLandlord

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