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15400 Southwest Fwy, Sugar ...

Texas Children's Hospital Leases 42198 Square Feet From Healthcare Trust Of America In Sugar Land
LEASED

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

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.

Players

David Bales

Lee & Associates

Broker

$45.2M

vol

6 deals

Broker
HI
Healthcare Trust of America IncLandlord
TH
Texas Children’s HospitalTenant

Sugar Land CRE Market Snapshot

Boundary boundary · CRE · 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