K&R Mechanical Services Signs 4-Year NNN Lease At Haynes Commerce Park In Houston
12634 Haynes Road
Building Size
18,000 SF
Asset Type
Mixed-use
Closing
May 1, 2025
About this deal
AI
The property involved in this lease transaction is a mixed-use asset located at 12634 Haynes Road in Houston, Texas. It encompasses a total area of 18,000 square feet and is managed by Fort, a company recognized for maintaining high-quality facilities within the Haynes Commerce Park industrial campus.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: Not specified
- Lease Term: 4 years
- Lease Type: NNN Lease
- Landlord: Fort
- Tenant: K&R Mechanical Services
- Broker: Ryan Young - Fort Capital
Ryan Young, representing Fort Capital, facilitated the leasing agreement with K&R Mechanical Services, LLC. This strategic move indicates the ongoing appeal of industrial spaces in well-maintained locations, enhancing operational efficiency and accessibility for tenants.
On the Map
Mixed-use
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Houston Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1442090.91%
Cash-on-Cash
-412154.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93