Updated Oct 29, 2024
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
About this deal
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.
On the Map
Industrial
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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