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22218 Mccleskey Road

Time Manufacturing Holdings Leases 29,974 Square Feet At 22218 McCleskey Road In New Caney
LEASEDIndustrial

Time Manufacturing Holdings Leases 29,974 Square Feet At 22218 McCleskey Road In New Caney

22218 Mccleskey Road

Building Size

29,974 SF

Asset Type

Industrial

Closing

Dec 23, 2024

AI

The property asset involved in the transaction is a 29,974 square foot industrial space located at 22218 McCleskey Road in New Caney, TX. The asset falls within the industrial sector and is situated in the New Caney market.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: Not specified
  • Address: 22218 McCleskey Road
  • Market: New Caney
  • Landlord: Nickers Interests Inc.
  • Tenant: Roman Rariy - Time Manufacturing Holdings
  • Landlord's Representative: Cary Latham & Jax Rawlinson - Stream Realty Partners
  • Tenant's Representative: Joseph Berwick - JLL

Time Manufacturing Holdings has entered into a lease agreement for the aforementioned industrial space. The landlord, Nickers Interests Inc., was represented by Cary Latham and Jax Rawlinson from Stream Realty Partners while Joseph Berwick from JLL represented the tenant in this transaction.

Players

Cary Latham

Stream Realty Partners⁠

Broker

$8.2M

vol

13 deals

Broker

New Caney 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