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6600 Long Point Rd Houston,...

Intac Supply Secures 18K SF Industrial Lease At 6600 Long Point Rd In Northwest Houston
LEASEDIndustrial

Intac Supply Secures 18K SF Industrial Lease At 6600 Long Point Rd In Northwest Houston

6600 Long Point Rd Houston, TX 77055, USA

Building Size

18,000 SF

Asset Type

Industrial

Closing

May 11, 2023

AI

Intac Supply, a HVAC equipment provider, has secured an 18,000-square-foot industrial lease at 6600 Long Point Road in northwest Houston. The property, owned by Agellan Commercial REIT, spans 139,116 square feet and was constructed in 1979.

Summary of transation details

  • Property Type: Industrial
  • Tenant: Intac Supply
  • Address: 6600 Long Point Road

The lease negotiations were facilitated by Matt Rogers of Oxford Properties representing Intac Supply and Carter Holmes of Holt Lunsford representing the landlord.

Players

Matt Rogers

Oxford Partners

Broker

$30M

vol

12 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