Premier Stair & Door Leases 46,614 SF Industrial Space At 290 Northwest Business Center, Cypress
21420 Northwest Fwy Cypress, Tx 77429, Usa
Building Size
46,614 SF
Asset Type
Industrial
Closing
May 18, 2023
AI
Premier Stair & Door has recently leased a 46,614-square-foot space at the 290 Northwest Business Center located at 21420 Northwest Freeway in Cypress, Texas. This industrial property, situated in Houston's active Northwest Highway 6 industrial submarket, offers modern amenities and is represented by Colliers.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: N/A
- Square Footage: 46,614
- Address: 21420 Northwest Freeway
- Market: Cypress
The landlord, KBUSA Properties, and the tenant, Premier Stair & Door, finalized this lease agreement. Jason Tangen and Barrett Gibson from Colliers represented the landlord in the transaction. The tenant was represented by The Lish Company.
Players
Texas 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