Dicar Inc. Leases 58488 SF Industrial Space At 9340 Fm 2920 Tomball With Lincoln Property Company As Landlord
9340 Fm 2920
$1
$1/SF
Building Size
58,488 SF
Asset Type
Industrial
Closing
May 5, 2025
AI
The property asset involved in this transaction is an industrial facility located at 9340 Fm 2920 in the Tomball market. The asset encompasses a total square footage of 58,488, categorized under industrial use. The lease type associated with this property is a NNN lease.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not specified
- Address: 9340 Fm 2920
- Market: Tomball
- Square Footage: 58,488
- Landlord: Lincoln Property Company
- Tenant: Dicar, Inc.
- Tenant's Representative: Devon Gasaway & Jack Gowan - Titan Commercial
The deal involved Lincoln Property Company as the landlord, leasing the space to Dicar, Inc. The transaction was represented by Devon Gasaway and Jack Gowan, affiliated with Titan Commercial, who facilitated the agreement between the landlord and the tenant.
Players
Tomball 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
15863000.00%
Cash-on-Cash
-4533694.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93