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9364 Wallisville Road

EN Group Corp Leases 18,502 SF Industrial Space In Houston
LEASEDIndustrial

EN Group Corp Leases 18,502 SF Industrial Space In Houston

9364 Wallisville Road

Building Size

18,502 SF

Asset Type

Industrial

Closing

Oct 16, 2023

AI

An industrial and office lease for a property located at 9364 Wallisville Road in northeast Houston has been brokered by Cypressbrook Co. The lease is for a space spanning 18,502 square feet. The property is suited for industrial use and is situated in the Houston market.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: Not available
  • Property Size: 18,502 square feet
  • Address: 9364 Wallisville Road
  • Market: Houston

Cypressbrook Co. represented EN Group Corp, a third-party logistics company, in this lease transaction. John Hornbuckle, the representative from Cypressbrook, facilitated the deal on behalf of the tenant. On the other side, the landlord was represented by John Kruse and Carter Holmes from Cushman & Wakefield.

(Note: Cypressbrook Co. brokered the lease with EN Group Corp., which encompassed industrial and office space spanning 18,502 square feet located at 9364 Wallisville Road in northeast Houston. The tenant was represented by John Hornbuckle of Cypressbrook Co., while Cushman & Wakefield represented the landlord.)

Players

John Kruse

Cushman & Wakefield

Broker

5 deals

Broker
EC
EN Group CorpTenant

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