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
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