ICode Leases Office Space At NEC Of Hwy. 290 & Skinner Rd In Cypress With Landlord NewQuest Properties
Skinner Road, Cypress, Texas 77429, United States
Building Size
2,327 SF
Asset Type
Office
Closing
Mar 6, 2022
AI
The leased property located at NEC of Hwy. 290 & Skinner Rd in Cypress is a 2,327 square foot office space. It was leased by iCode, with NewQuest Properties acting as the landlord. The transaction took place on 03/07/2022.
Summary of transaction details
- Property Type: Office
- Square Footage: 2,327
- Date: 03/07/2022
- Address: NEC of Hwy. 290 & Skinner Rd
- Market: Cypress
- Landlord: NewQuest Properties
- Tenant: iCode
- Landlord's Rep: Kevin Sims - NewQuest Properties
- Tenant's Rep: Chad Littleton - Morrow Hill
Kevin Sims from NewQuest Properties represented the landlord, while Chad Littleton from Morrow Hill represented the tenant in this lease transaction.
Players
Cypress 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