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12634 Haynes Road

K&R Mechanical Services Signs 4-Year NNN Lease At Haynes Commerce Park In Houston
LEASEDMixed-use

K&R Mechanical Services Signs 4-Year NNN Lease At Haynes Commerce Park In Houston

12634 Haynes Road

$11

$11/SF

Building Size

18,000 SF

Asset Type

Mixed-use

Closing

May 1, 2025

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:

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.

Players

Ryan Young

Fort Capital

Broker

3 deals

Broker

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