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25700 I-45, Spring, TX, 77386

Med-Data Inc Leases 50717 Square Feet At 25700 I-45 Spring From Havenwood Land Developments LP
LEASEDOffice

Med-Data Inc Leases 50717 Square Feet At 25700 I-45 Spring From Havenwood Land Developments LP

25700 I-45, Spring, TX, 77386

Building Size

50,717 SF

Asset Type

Office

Closing

Jan 22, 2019

AI

The property involved in this transaction is located at 25700 I-45, Spring, TX, 77386. This Class A office space encompasses a total of 50,717 square feet within Havenwood Office Park, situated approximately 30 miles north of Houston. The property features amenities such as a fitness center, conference room, and an outdoor plaza.

Summary of transaction details:

  • Property Type: LEASE
  • Transaction Amount: Not specified
  • Square Feet: 50,717
  • Address: 25700 I-45, Spring, TX, 77386
  • Market: Spring
  • Tenant: Med-Data Inc
  • Landlord: Havenwood Land Developments LP
  • Tenant's Representative: Kevin Saxe (CBRE)
  • Landlord's Representative: Lisa Hughes (The J. Beard Real Estate Co.)

This lease agreement sees Med-Data Inc. securing the office space, with Kevin Saxe and Rupi Singh of CBRE representing the tenant in the negotiations. Lisa Hughes acted on behalf of the landlord, Havenwood Land Developments LP, during the lease discussions.

Players

Kevin Saxe

CBRE

Broker

8 deals

Broker

Spring 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