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2001 Timberloch Pl, Spring,...

WorkSuites Leases 30335 Square Feet At 2001 Timberloch Pl In Spring With Tenant's Reps Dan Boyles Greg Burns John Pelletier
LEASED

WorkSuites Leases 30335 Square Feet At 2001 Timberloch Pl In Spring With Tenant's Reps Dan Boyles Greg Burns John Pelletier

2001 Timberloch Pl, Spring, TX, 77380

Building Size

30,335 SF

Asset Type

Closing

Nov 19, 2023

AI

The property involved in the transaction is located at 2001 Timberloch Pl, Spring, TX, 77380, and encompasses a total of 30,335 square feet. The market for this property is Spring, with the current lease indicating a commitment for occupancy by the tenant.

Summary of transaction details:

  • Property Type: Lease
  • Transaction Amount: Not disclosed
  • Square Feet: 30,335
  • Address: 2001 Timberloch Pl, Spring, TX, 77380
  • Market: Spring
  • Tenant: WorkSuites
  • Landlord: Unknown
  • Tenant's Representatives: Dan Boyles - NAI Capital, Greg Burns, John Pelletier - Cresa

The key individuals in this transaction include representatives from the tenant's side, specifically Dan Boyles associated with NAI Capital, alongside Greg Burns and John Pelletier both from Cresa. These representatives facilitated the leasing process for the tenant, highlighting their involvement in the negotiation and deal structure.

Players

Dan Boyles

Partners Real Estate

Broker

19 deals

Broker
W
WorkSuitesTenant

Spring 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