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9284 Baythorne Dr Houston, ...

Horizon Forest Products Leases 30.6K SF Industrial Space In Houston
LEASEDIndustrial

Horizon Forest Products Leases 30.6K SF Industrial Space In Houston

9284 Baythorne Dr Houston, TX 77040, USA

Building Size

30,600 SF

Asset Type

Industrial

Closing

Sep 13, 2023

AI

Horizon Forest Products has leased 30,600 square feet of industrial space located at 9284 Baythorne Drive in northwest Houston. The property, owned by Teachers Insurance & Annuity Association of America and represented by Thasunda Duckett, offers a spacious and versatile area for industrial activities. The lease transaction took place on September 13, 2023, with Bridge Commercial Real Estate serving as the landlord's representative and Cypressbrook Co. representing the tenant.

Summary of transaction details

The lease of the industrial space at 9284 Baythorne Drive in Houston was facilitated by Bridge Commercial Real Estate as the landlord's representative. Thasunda Duckett, the owner of the property on behalf of Teachers Insurance & Annuity Association of America, worked alongside Jon Michael, Ed Bane, and Jon Dale Dieckman from Bridge Commercial Real Estate. On the other side of the transaction, Cypressbrook Co. represented Horizon Forest Products, with David Williams leading the tenant's team. This lease showcases the cooperation and expertise of the individuals and companies involved in the deal.

Players

Ed Bane

Bridge Commercial

Broker

4 deals

Broker

Houston 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