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8420 North Sam Houston Pkwy...

DMG MORI Leases 19000 Square Feet From FCA At 8420 North Sam Houston Pkwy W
LEASEDIndustrial

DMG MORI Leases 19000 Square Feet From FCA At 8420 North Sam Houston Pkwy W

8420 North Sam Houston Pkwy W, Ho...

Building Size

19,000 SF

Asset Type

Industrial

Closing

Sep 27, 2016

AI

The property located at 8420 North Sam Houston Pkwy W in Fulshear includes a lease signing for a total space of 19,000 square feet. The transaction involves DMG MORI as the tenant and FCA as the landlord. The deal is situated within the Fulshear market.

Summary of transaction details:

The transaction was facilitated by representatives from both sides, with Lee & Associates’ Chase Cribbs, Thomas Leger, and Patrick Wolford representing the landlord, while JLL’s Grant Glatty and David Buescher acted on behalf of the tenant, DMG MORI. This lease engagement strengthens the relationship between the parties involved under the management of Nelson Commercial Properties.

Players

Chase Cribbs

Lee & Associates

Broker

7 deals

Broker
FCA
FCALandlord

Fulshear 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