Updated Dec 4, 2024
EN Group Corp Leases 41274 Square Feet Industrial Space At 16420 West Hardy Road
16420 West Hardy Road
Building Size
41,274 SF
Asset Type
Industrial
Closing
Aug 8, 2024
About this deal
AI
The property asset involved in this transaction is a 41,274-square-foot industrial space located at 16420 West Hardy Road in the Houston market. The total building size is 77,499 square feet and was constructed in 1983, serving as an industrial sublease.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not specified
- Address: 16420 West Hardy Road
- Market: Houston
- Landlord: Atosa Catering Equipment Inc
- Tenant: EN Group Corp.
- Landlord's Representative: Cape Bell - CBRE
- Tenant's Representative: John Hornbuckle - Cypressbrook
This deal was facilitated by brokers from Cypressbrook and CBRE. John Hornbuckle represented the tenant, EN Group Corp., while Cape Bell represented the landlord, Atosa Catering Equipment Inc., indicating a collaboration between the two agencies for this industrial lease transaction.
On the Map
Industrial
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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