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19054 Kenswick Drive

SRS Distribution Inc. Inks Lease With At 19054 Kenswick Drive
LEASEDIndustrial

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:

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

Wesley Williams

Colliers

Broker

8 deals

Broker

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