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1435 Highway 6, Sugar Land,...

Berkeley Eye Center Leases Office Space In Sugar Land, Texas
LEASEDOffice

Berkeley Eye Center Leases Office Space In Sugar Land, Texas

1435 Highway 6, Sugar Land, TX, USA

Building Size

5,969 SF

Asset Type

Office

Closing

Jan 20, 2021

AI

The leased office space located at 1435 Highway 6 in Sugar Land has been recently transacted. The property spans across 5,969 square feet and was leased by Berkeley Eye Center, with Dr. Morgan Micheletti as their representative. The landlord in this transaction is Ramp Properties LP. The leasing deal was facilitated by Adam McAlpine from McAlpine Interests, who represented the tenant, and Ashley Cassel from Transwestern, who represented the landlord.

Summary of transaction details:

  • Property Type: Office
  • Transaction Date: 01/21/2021
  • Address: 1435 Highway 6
  • Market: Sugar Land
  • Square Footage: 5,969

Adam McAlpine from McAlpine Interests acted as the representative for Berkeley Eye Center in this lease agreement. On the other hand, Ashley Cassel from Transwestern represented the landlord, Ramp Properties LP.

Players

Ashley Cassel

Transwestern

Broker

2 deals

Broker

Sugar Land Office Market Snapshot

Boundary boundary · Office · 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