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202 S Live Oak St Tomball, ...

Amereso Solar-Solutions Renews Lease For 41,080 SF Space In Tomball Industrial Park
LEASEDIndustrial

Amereso Solar-Solutions Renews Lease For 41,080 SF Space In Tomball Industrial Park

202 S Live Oak St Tomball, Tx 77375, Usa

Building Size

41,080 SF

Asset Type

Industrial

Closing

May 19, 2023

AI

The lease renewal of space at South Live Oak Business Park in Tomball, Texas, has been facilitated by Colliers for Ameresco Solar-Solutions. The space, which spans approximately 41,080 square feet, is a part of Tomball's economic development efforts in a city with a growing business community and population increase.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: Not Applicable
  • Address: 202-204 S Live Oak Street, Tomball
  • Market: Tomball
  • Landlord: Tomball Economic Development Corporation - Kelly Violette
  • Tenant: Ameresco Solar-Solutions
  • Brokers: Tom Condon Jr & John Grimsley - Colliers

Colliers played a critical role in helping Ameresco Solar-Solutions renew their lease at South Live Oak Business Park in Tomball. The park's strategically located 41,080 square feet of space contributes to Tomball's economic development goals as the city continues to experience a growing business community and an increase in population.

Players

Tom Condon Jr.

Colliers

Broker

24 deals

Broker

Kelly Violette

Landlord

3 deals

Landlord
TC
Tomball Economic Development Corporation (TEDC)Landlord

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