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9340 Fm 2920

Dicar Inc. Leases 58488 SF Industrial Space At 9340 Fm 2920 Tomball With Lincoln Property Company As Landlord
LEASEDIndustrial

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

Devon Gasaway

Titan Commercial

Broker

5 deals

Broker
Lincoln Property Company
Lincoln Property CompanyLandlord

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