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21227 Hufsmith - Kohrville ...

MSP Drilex Inc Leases Industrial Property In Tomball To Epic International
LEASEDIndustrial

MSP Drilex Inc Leases Industrial Property In Tomball To Epic International

21227 Hufsmith - Kohrville Rd, Tombal...

Building Size

11,375 SF

Asset Type

Industrial

Closing

Nov 22, 2023

AI

The industrial property located at 21227 Hufsmith-Kohrville Road in Tomball, Texas, spans 11,375 square feet and sits on 1.1 acres of land. The asset, built in 2015, features 2,700 square feet of office space, making it an ideal location for MSP Drilex Inc.'s operations in the oil and gas sector.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: Not provided
  • Tenant: MSP Drilex Inc
  • Landlord: Epic International
  • Square Feet: 11,375
  • Address: 21227 Hufsmith-Kohrville Road, Tomball, Texas
  • Market: Tomball
  • Tenant's Rep: Payton Indermuehle (Keen Realty Group LLC)
  • Landlord's Rep: Mike Spears (Lee & Associates), Patrick Wolford (Lee & Associates)

In the lease negotiations for the industrial property in Tomball, Payton Indermuehle from Keen Realty Group LLC acted as the tenant's representative, facilitating the lease agreement for MSP Drilex Inc. On the landlord's side, Epic International was represented by Mike Spears and Patrick Wolford, both from Lee & Associates, ensuring a successful deal for all parties involved.

Players

Mike Spears

Lee & Associates

Broker

5 deals

Broker

Tomball 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