Linde Engineering Leases Office Space In The Woodlands
1575 Sawdust Road, The Woodlands, TX, USA
Building Size
120,454 SF
Asset Type
Office
Closing
Apr 4, 2021
About this deal
AI
Located at 1575 Sawdust Road in The Woodlands, this office property has recently been leased. The tenant, Linde Engineering, will occupy the space, which spans 120,454 square feet.
Summary of transaction details
- Property Type: Office
- Transaction Date: 04/05/2021
- Address: 1575 Sawdust Road
- Market: The Woodlands
The tenant, Linde Engineering, will be represented by Kevin Saxe and Jon Lee from CBRE. On the other hand, Brad Fricks from Stream Realty Partners will serve as the landlord's representative for VEREIT, the property owner.
Note: No additional information is available regarding the lease transaction.
On the Map
Office
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Players
The Woodlands Office Market Snapshot
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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