facebook

traded

+ Submit
Home

/

Deals

/

Texas

/

Industrial

/

Lease

/

22203 Cypress Slough, Houst...

Source Logistics Houston & Miner Material Handling Lease Industrial Space In Houston
LEASEDIndustrial

Source Logistics Houston & Miner Material Handling Lease Industrial Space In Houston

22203 Cypress Slough, Houston, TX, USA

Building Size

174,405 SF

Asset Type

Industrial

Closing

Feb 1, 2021

AI

The industrial property located at 22203 & 22003 Cypress Slough Road in Houston has been leased in a recent transaction. The property spans a total of 174,405 square feet, offering ample space for industrial operations.

Summary of transaction details

The lease was facilitated by Trace Elrod from Newmark and Bill Rudolf and Kyle Golding from CBRE, who represented the tenants in this transaction. Walker Barnett and Ryan Byrd from Colliers International acted as the landlord's representatives. The involvement of these individuals and companies played a critical role in finalizing the lease agreement for the industrial property at 22203 & 22003 Cypress Slough Road.

Players

Ryan Byrd

Colliers

Broker

3 deals

Broker

Houston Industrial Market Snapshot

Boundary boundary · Industrial · Lease transactions

Loading comparables…

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