LEASEDIndustrial
PG Golf Leases 87,214 SF Industrial Space In Sugar Land
12520 W Airport Blvd, Sugar Land, TX, USA
Building Size
87,214 SF
Asset Type
Industrial
Closing
Sep 16, 2021
AI
The industrial property located at 12520 W. Airport Blvd in Sugar Land has been leased. The property spans an area of 87,214 square feet.
Summary of transaction details
- Property Type: Industrial
- Transaction Date: 09/16/2021
- Market: Sugar Land
- Tenant: PG Golf
- Tenant's Representative: Jeff Venghaus - JLL
- Landlord's Representatives: Darryl Noon & Nick Peterson - Transwestern
The lease agreement for the property was facilitated by Jeff Venghaus of JLL, who represented the tenant, PG Golf. The landlord was represented by Darryl Noon and Nick Peterson of Transwestern.
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