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522 Gillingham Ln Sugar Lan...

Sour Strips Leases Industrial Space In Sugar Land At 522 Gillingham Lane
LEASEDIndustrial

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

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

Peyton Easley

Titan Commercial

Broker

11 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