SRS Distribution Inc. Inks Lease With At 19054 Kenswick Drive
19054 Kenswick Drive
Building Size
52,015 SF
Asset Type
Industrial
Closing
Apr 5, 2024
AI
The industrial property involved in the lease transaction is located at 19054 Kenswick Drive in Houston, spanning 52,015 square feet. The landlord of the property is Bertling Logistics, and the tenant is Dan R. Tinker of SRS Distribution Inc.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not provided
- Address: 19054 Kenswick Drive
- Market: Houston
- Landlord: Bertling Logistics
- Tenant: Dan R. Tinker - SRS Distribution Inc.
- Landlord's Rep: Robert Alinger & Wesley Williams - Colliers International
- Tenant's Rep: Sarah Pickup & Will Clay - JLL
Colliers International played a significant role in securing the full building lease for the 52,015 square foot property at 19054 Kenswick Drive. Wes Williams of Colliers emphasized the collaborative effort involved in the deal, particularly highlighting the property's uniqueness within the airport market.
Players
Humble 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