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
- Property Type: Industrial
- Transaction Amount: Not specified
- Square Footage: 30,600
- Address: 9284 Baythorne Drive, Houston
- Landlord: Teachers Insurance & Annuity Association of America - Thasunda Duckett
- Tenant: Horizon Forest Products - David Williams
- Landlord's Representative: Jon Michael, Ed Bane, and Jon Dale Dieckman - Bridge Commercial Real Estate
- Tenant's Representative: George Montes - Cypressbrook Co.
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
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