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:
- Property Type: LEASE
- Transaction Amount: Not specified
- Address: 8420 North Sam Houston Pkwy W, Fulshear
- Square Feet: 19,000
- Tenant: DMG MORI
- Landlord: FCA
- Tenant's Representative: David Buescher (JLL), Grant Glatty (JLL)
- Landlord's Representative: Chase Cribbs (Lee & Associates)
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
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