Newcor Facilitates 26,819 SF Office Sublease For Axiom Medical In The Woodlands
8401 New Trails Dr, Shenandoah, TX...
Building Size
26,819 SF
Asset Type
Office
Closing
Nov 22, 2023
AI
Located at 8401 New Trails Drive in Shenandoah, TX, this office space spans 26,819 square feet. The property was the subject of a sublease negotiation involving Hunt Guillot & Associates LLC, facilitated by Newcor Commercial Real Estate. The landlord's representatives, Rob Banzhaf and Ryan Dierket of Newcor, assisted the tenant in the leasing process, while Scott Covington from S.E. Covington represented the subtenant, Axiom Medical Consulting LLC.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Tenant: Axiom Medical Consulting LLC
- Landlord: Hunt Guillot & Associates LLC
- Tenant's Rep: Scott Covington (S.E. Covington)
- Landlord's Rep: Rob Banzhaf (Newcor Commercial Real Estate), Ryan Dierket (Newcor Commercial Real Estate)
- Market: Spring
- Square Feet: 26,819
The office sublease at 8401 New Trails Drive in The Woodlands was navigated by key individuals in the industry. Rob Banzhaf and Ryan Dierket from Newcor Commercial Real Estate represented the landlord, Hunt Guillot & Associates LLC. On the other hand, Scott Covington of S.E. Covington played a crucial role as the tenant's representative, securing the sublease for Axiom Medical Consulting LLC.
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