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12302 FM 529

Square Robot Inc Leases 14,200 SF Industrial Space In Houston For 7 Years
LEASEDIndustrial

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:

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

Jack Gaffney

Finial Group

Broker

22 deals

Broker

Market Industrial Market Snapshot

Boundary boundary · Industrial · 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