Updated Oct 29, 2024
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
About this deal
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
- Property Type: Industrial
- Tenants: Source Logistics Houston & Miner Material Handling
- Landlord: Davis Commercial Development
- Tenant's Rep: Trace Elrod - Newmark, Bill Rudolf & Kyle Golding - CBRE
- Landlord's Rep: Walker Barnett & Ryan Byrd - Colliers International
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.
On the Map
Industrial
View full map
Players
Houston Industrial Market Snapshot
Boundary boundary · Industrial · Lease transactions
Loading comparables…
Deal FAQ
Browse Texas industrial leases on Traded.
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