H5 Products Inc. Leases Industrial Property In Conroe
501 Hickerson Street, Conroe, Texas 77301, United States
Building Size
9,991 SF
Asset Type
Industrial
Closing
Apr 25, 2022
AI
The industrial property located at 501 Hickerson St in Conroe has been leased. The property spans a total square footage of 9,991 and is situated in the Conroe market.
Summary of transation details
- Property Type: Industrial
- Transaction Date: 04/26/2022
- Address: 501 Hickerson St
- Market: Conroe
- Square Footage: 9,991
The lease deal involved H5 Products Inc. as the tenant. Travis Land & A.J. Williams from NAI Partners represented the landlord in the transaction. Neal King from SVN | J. Beard Real Estate acted as the tenant's representative.
Players
Conroe 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