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
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