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
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