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
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