Sour Strips Leases Industrial Space In Sugar Land At 522 Gillingham Lane
522 Gillingham Ln Sugar Land, TX 77478, USA
Building Size
63,000 SF
Asset Type
Industrial
Closing
Aug 30, 2023
AI
The industrial property located at 522 Gillingham Lane in Sugar Land has been leased. The property spans an area of 63,000 square feet, making it suitable for various industrial purposes.
Summary of transaction details
- Property Type: Industrial
- Tenant: Sour Strips
- Tenant's Representative: Peyton Easley - Titan Commercial
- Landlord: Cubic
- Landlord's Representatives: Michael Foreman, Brian Hetherington & Beau Kaleel - Cushman & Wakefield
Cubic has entered into a lease agreement with Sour Strips for the industrial property on 522 Gillingham Lane in Sugar Land. Peyton Easley from Titan Commercial represented Sour Strips in the deal, while Michael Foreman, Brian Hetherington, and Beau Kaleel from Cushman & Wakefield served as representatives for Cubic.
Players
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