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12710 Century Dr, Stafford,...

Lee & Associates Secures 100% Lease At 12710 Century Dr, Stafford TX
LEASEDCommercial

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

Taylor Schmidt

Colliers

Broker

$18M

vol

18 deals

Broker
FCA
FCALandlord

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