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4112 Old Spanish Trail, Hou...

Waterman Steele Represents Tenant In 6500 SF Lease At 4112 Old Spanish Trail, Houston
LEASEDCommercial

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

Michael Easely

Waterman Steele Real Estate Advisors

Broker

1 deal

Broker
FCA
FCALandlord

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