Updated Oct 28, 2024
Plasson USA, LLC Signs NNN Lease For Industrial Space In Sugar Land, TX With Landlord's Rep From Transwestern
12520 W Airport Blvd, Sugar Land, Texas 77478, United States
Building Size
39,615 SF
Asset Type
Industrial
Closing
Mar 31, 2022
About this deal
AI
An industrial property located at 12520 W Airport Blvd in Sugar Land, TX has been leased. The property spans approximately 39,615 square feet.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: N/A
- Date: 04/01/2022
The tenant for this lease is Plasson USA, LLC. Representing the landlord, Darryl Noon and Nick Peterson from Transwestern facilitated the deal. Peyton Easley from ICO Commercial acted as the tenant's representative. This deal is a triple net (NNN) lease.
NOTE: This is an industrial deal.
On the Map
Industrial
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Players
Sugar Land 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