facebook

traded

+ Submit
Home

/

Deals

/

Oklahoma

/

Medical Office

/

Lease

/

8260 Willow Oaks Corporate ...

Fairfax Radiological Leases Medical Office In Locust Grove From KBS REIT II
LEASEDMedical Office

Fairfax Radiological Leases Medical Office In Locust Grove From KBS REIT II

8260 Willow Oaks Corporate Dr, Fairfa...

Building Size

23,829 SF

Asset Type

Medical Office

Closing

Jun 18, 2019

AI

The leased property, a Medical Office located at 8260 Willow Oaks Corporate Dr in Fairfax, spans 23,829 square feet. The lease was executed on June 18, 2019, in Locust Grove. The tenant, Fairfax Radiological, secured the space as their new location. The landlord, KBS Real Estate Investment Trust II, facilitated the lease agreement. Notable tenant representatives included Mark Robertson from NAI Capital and Mark Roberts from Keller Williams.

Summary of transaction details:

  • Property Type: Medical Office
  • Transaction Amount: Not Applicable
  • Address: 8260 Willow Oaks Corporate Dr, Fairfax
  • Market: Locust Grove
  • Tenant: Fairfax Radiological
  • Landlord: KBS Real Estate Investment Trust II
  • Square Feet: 23,829
  • Tenant's Rep: Mark Robertson(NAI Capital), Mark Roberts(Keller Williams)

The successful leasing transaction of the Medical Office at 8260 Willow Oaks Corporate Dr was orchestrated by the tenant's representatives, Mark Robertson and Mark Roberts, ensuring a seamless agreement between Fairfax Radiological and KBS Real Estate Investment Trust II.

Players

Mark Robertson

NAI Global

Broker

2 deals

Broker
KT
KBS Real Estate Investment TrustLandlord

Locust Grove Medical Office Market Snapshot

Boundary boundary · Medical Office · Lease transactions

Loading comparables…

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