Waterman Steele Represents Tenant In 6500 SF Lease At 4112 Old Spanish Trail, Houston
4112 Old Spanish Trail, Houston, TX...
Building Size
6,500 SF
Asset Type
Commercial
Closing
Nov 22, 2016
AI
The commercial property at 4112 Old Spanish Trail, Houston, TX, played host to a lease transaction involving 6,500 square feet. Waterman Steele Real Estate Advisors' Michael (Mike) Easely, representing the tenant, Encore Theater, facilitated the deal. The lessor in this agreement was FCA.
Summary of transaction details:
- Property Type: Commercial
- Transaction Amount: Not specified
- Address: 4112 Old Spanish Trail, Houston, TX
- Market: Houston
- Tenant's Rep: Michael (Mike) Easely (Waterman Steele Real Estate Advisors)
- Landlord: FCA
- Square Feet: 6,500
Waterman Steele Real Estate Advisors’ Mike Easely played a crucial role in finalizing the 6,500-square-foot lease at 4112 Old Spanish Trail for the tenant, Encore Theater. Interestingly, the lessor, FCA, opted to represent themselves in this transaction, showcasing a direct engagement between the landlord and the tenant's representative.
Players
Houston 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