Pennsylvania Tool Sales & Services Secures 16.4k SF Industrial Lease In Webster
16920 Texas Ave Webster, Tx 77598, Usa
Building Size
16,400 SF
Asset Type
Industrial
Closing
May 22, 2023
AI
Finial Group has negotiated a 16,400-square-foot industrial lease in Webster, a suburb of Houston. The property is located at 16920 Texas Avenue and is classified as an industrial asset. The lease was executed on May 22, 2023.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: Not mentioned in CONTEXT
- Address: 16920 Texas Avenue, Webster
- Market: Webster
- Square Footage: 16,400
The tenant in this lease transaction is Pennsylvania Tool Sales & Services. They are a supplier for heavy industrial and manufacturing companies.
The brokers involved in this deal are Jason Gibbons and Doc Perrier from the Finial Group.
Players
Texas 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