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
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