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27335 West Hardy Road

H20 Innovation Leases Industrial Space In Spring With Tenant's Rep Nathan Donahue & Landlord's Rep Todd Jurek
LEASEDIndustrial

H20 Innovation Leases Industrial Space In Spring With Tenant's Rep Nathan Donahue & Landlord's Rep Todd Jurek

27335 West Hardy Road

Building Size

Asset Type

Industrial

Closing

Nov 14, 2023

AI

H20 Innovation, a Canadian water treatment company, has leased 24,500 square feet of industrial flex space at Old Town Spring Business Park in Houston's north side. The industrial property, located at 27335 West Hardy Road, is part of a 196,000-square-foot development in the Spring market. The lease agreement was finalized on November 14, 2023.

Summary of transaction details

  • Property Type: Industrial
  • Tenant: H20 Innovation
  • Address: 27335 West Hardy Road
  • Market: Spring
  • Leased Space: 24,500 square feet

The tenant's representative, Nathan Donahue from Transwestern, facilitated the lease negotiation on behalf of H20 Innovation. The landlord was represented by Todd Jurek, who is with Keen Realty Group. The relocation to Building 1 of the business park is scheduled for later this month. Additional details regarding the landlord's identity have not been disclosed.

Players

Nathan Donahue

Transwestern

Broker

1 deal

Broker

Spring 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