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
About this deal
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.
On the Map
Office
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Players
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