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7600 S Santa Fe Dr, Houston...

Quality Metals Leases 28000 Square Feet At 7600 S Santa Fe Dr From Lock Investments
LEASEDIndustrial

Quality Metals Leases 28000 Square Feet At 7600 S Santa Fe Dr From Lock Investments

7600 S Santa Fe Dr, Houston, TX, 77061

Building Size

28,000 SF

Asset Type

Industrial

Closing

Feb 21, 2017

AI

The property involved in this transaction is an industrial sublease located at 7600 S Santa Fe Dr, Houston, TX, 77061. The sublease encompasses a total area of 28,000 square feet. The market for this property is Houston, and it is under the ownership of Lock Investments.

Summary of transaction details:

  • Property Type: Industrial Sublease
  • Transaction Amount: Not specified
  • Address: 7600 S Santa Fe Dr, Houston, TX, 77061
  • Square Feet: 28,000
  • Landlord: Lock Investments
  • Tenant: Quality Metals
  • Landlord's Representative: Chase Spence, Colliers International
  • Tenant's Representative: Travis Secor and Ryan Fuselier, JLL

Quality Metals signed a sublease agreement at Santa Fe Business Park, with representation in the deal provided by JLL’s Travis Secor and Ryan Fuselier for the tenant. Colliers International's Chase Spence and Trey Erwin represented the landlord, Lock Investments, facilitating the transaction.

Players

CE Erwin III

Lee & Associates

Broker

9 deals

Broker

Houston 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