Lee & Associates Secures 100% Lease At 12710 Century Dr, Stafford TX
12710 Century Dr, Stafford, TX, 77477
Building Size
6,000 SF
Asset Type
Commercial
Closing
Mar 28, 2017
AI
The commercial property located at 12710 Century Dr in Stafford, TX, 77477, has been fully leased out, with a total square footage of 6000. The leasing transactions involved Texas Engineering and Mapping taking up 10,000 SF and HomeTeam Pest Defense leasing 6,000 SF, making the property reach maximum occupancy. The landlord, FCA, was represented by Reed Vestal of Junction Commercial Real Estate and Taylor Schmidt of Lee & Associates in both leasing agreements.
Summary of transaction details:
- Property Type: Commercial
- Transaction Amount: Not specified
- Address: 12710 Century Dr, Stafford, TX, 77477
- Market: Stafford
- Landlord's Rep: Reed Vestal (Junction Commercial Real Estate), Taylor Schmidt (Lee & Associates)
- Landlord: FCA
- Square Feet: 6000
Lee & Associates principals Taylor Schmidt and Reed Vestal played a vital role as the landlord's representatives in securing the leasing agreements with Texas Engineering and Mapping, as well as HomeTeam Pest Defense. Their expertise and negotiation skills were instrumental in ensuring the successful lease of the entire property, bringing it to full occupancy under their management.
Players
Stafford Commercial Market Snapshot
Boundary boundary · Commercial · 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