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16420 West Hardy Road

EN Group Corp Leases 41274 Square Feet Industrial Space At 16420 West Hardy Road
LEASEDIndustrial

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

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.

Players

Cape Bell

CBRE

Broker

$170.5K

vol

5 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