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8401 New Trails Dr, Shenand...

Newcor Facilitates 26,819 SF Office Sublease For Axiom Medical In The Woodlands
LEASEDOffice

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

Rob Banzhaf

Newcor Commercial Real Estate

Broker

3 deals

Broker
AL
Associates LLCLandlord

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