Enchanted Rock Leases 407302 Square Feet Industrial Space From Hamid R. Moghadam In Cypress
18501 Mound Road Cypress
Building Size
407,302 SF
Asset Type
Industrial
Closing
Feb 17, 2026
AI
The property asset involved in this lease transaction is an industrial warehouse located at 18501 Mound Road in Cypress, Texas. The warehouse encompasses a total area of 407,302 square feet and is developed by Prologis, featuring 36-foot clear heights, 92 dock doors, and sufficient parking for 185 cars and 113 trailers.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not disclosed
- Address: 18501 Mound Road
- Market: Cypress
- Landlord: Hamid R. Moghadam - Prologis
- Tenant: Enchanted Rock
- Broker: Colliers
The key individuals and companies involved in this deal include Hamid R. Moghadam representing Prologis as the landlord, and Enchanted Rock as the tenant. The leasing process was facilitated by Colliers, highlighting the collaboration among the parties to finalize the agreement.
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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93