RE:3D Leases 7000 Square Feet At 1100 Hercules Ave Houston From Aerotech Business Sources
1100 Hercules Ave, Houston, TX, 77058
Building Size
7,000 SF
Asset Type
—
Closing
May 9, 2017
About this deal
AI
The property involved in this transaction is a 7,000 square foot industrial space located at 1100 Hercules Ave, Houston, TX, 77058. The market for this property is Houston, and it was leased by the tenant RE:3D from the landlord Aerotech Business Sources.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 1100 Hercules Ave, Houston, TX, 77058
- Market: Houston
- Tenant: RE:3D
- Landlord: Aerotech Business Sources
- Square Feet: 7,000
- Tenant's Representative: Chris Haro, NAI Capital
- Landlord's Representative: John Braun, Bayou Properties Realty
Chris Haro from NAI Capital represented the tenant RE:3D in the lease transaction, while John Braun of Bayou Properties Realty represented the landlord, Aerotech Business Sources.
On the Map
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Boundary boundary · CRE · 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