Square Robot Inc Leases 14,200 SF Industrial Space In Houston For 7 Years
Building Size
14,200 SF
Asset Type
Industrial
Closing
Apr 1, 2024
AI
An industrial property spanning 14,200 square feet located at 12302 FM 529 in northwest Houston was leased by Square Robot Inc. for a seven-year term.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not provided
- Tenant: Square Robot Inc
- Landlord's Rep: Brandon Alexander Wuntch & Drew Altmann - Fritsche Anderson Realty Partners
- Tenant's Rep: Christian Villarreal & Jack Gaffney - Finial Group
Christian Villarreal and Jack Gaffney from Finial Group served as the tenant's representatives, facilitating the lease agreement for Square Robot Inc. On the other side, the landlord was represented by Brandon Alexander Wuntch and Drew Altmann of Fritsche Anderson Realty Partners.
Players
Market Industrial Market Snapshot
Boundary boundary · Industrial · Lease transactions
Loading comparables…
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