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21420 Northwest Fwy Cypress...

Premier Stair & Door Leases 46,614 SF Industrial Space At 290 Northwest Business Center, Cypress
LEASEDIndustrial

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

Barrett Gibson

Colliers

Broker

8 deals

Broker

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