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
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