Lone Star Downhole Products Leases 10,000 SF Industrial Space In Cypress
19615 Juergen Road
Building Size
10,000 SF
Asset Type
Industrial
Closing
Apr 5, 2024
AI
An industrial property spanning 10,000 square feet located at 19615 Juergen Road in Cypress, northwest Houston, was leased by Lone Star Downhole Products. The landlord, Mesquite Realty & Investment Group, facilitated the transaction.
Summary of transation details:
- Property Type: Industrial
- Transaction Amount: Not specified
- Address: 19615 Juergen Road
- Market: Cypress
- Landlord: Mesquite Realty & Investment Group
- Tenant: Ryan Dill - Lone Star Downhole Products
The lease deal was brokered with George Montes of Cypressbrook Co. representing the tenant, Ryan Dill, and Nick Bergmann and Cape Bell of CBRE representing the landlord, Mesquite Realty & Investment Group.
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