Updated Oct 1, 2026
ICC Cable Corp Leases 59376 Square Feet At 10300 Farm To Market 1960 Rd W In Portage
10300 Farm to Market 1960 Rd W, Ho...
Building Size
59,376 SF
Asset Type
Industrial
Closing
Nov 19, 2023
About this deal
AI
The property involved in this transaction is located at 10300 Farm to Market 1960 Rd W in Houston, Texas. This industrial lease spans a total area of 59,376 square feet and is situated in the Portage market.
Summary of transaction details:
- Property Type: Industrial Lease
- Transaction Amount: Undisclosed
- Tenant: ICC Cable Corp
- Square Feet: 59,376
- Tenant's Representative: Cotton Munson
- Landlord: Undisclosed
- Landlord's Representative: Michael Foreman
ICC Cable Corp., which provides wiring and cable services specifically for the energy and construction industries, is relocating from a smaller space on North Sam Houston Parkway. Cotton Munson of Davis Commercial Real Estate played a crucial role in representing the tenant during the lease negotiations.
On the Map
Industrial
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Players
Portage 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