Texas Children's Hospital Leases 42198 Square Feet From Healthcare Trust Of America In Sugar Land
15400 Southwest Fwy, Sugar Land, T...
Building Size
42,198 SF
Asset Type
—
Closing
Nov 19, 2023
About this deal
AI
The property asset involved is located at 15400 Southwest Fwy, Sugar Land, Texas. This property has a total square footage of 42,198 and is situated in the Sugar Land market.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Tenant: Texas Children’s Hospital
- Landlord: Healthcare Trust of America
- Tenant's Representative: David Bales-Lee & Associates
The transaction features Texas Children’s Hospital as the tenant, engaging with Healthcare Trust of America as the landlord. The representation of the tenant in this lease transaction was handled by David Bales-Lee & Associates.
On the Map
Players
Sugar Land CRE Market Snapshot
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