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501 Hickerson Street, Conro...

H5 Products Inc. Leases Industrial Property In Conroe
LEASEDIndustrial

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

Neal King

SVN

Broker

2 deals

Broker
NAI Global
NAI GlobalBrokerage

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