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.
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