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Fannin Tower, 6624 Fannin S...

Texas Children’s Hospital Leases Commercial Office At 6624 Fannin Street In Houston With Brokers Chris Wadley & Mallory Douthit - JLL
LEASEDOffice

Texas Children’s Hospital Leases Commercial Office At 6624 Fannin Street In Houston With Brokers Chris Wadley & Mallory Douthit - JLL

Fannin Tower, 6624 Fannin St, Houston, Tx 77030, Usa

Building Size

3,324 SF

Asset Type

Office

Closing

Jul 16, 2020

AI

The property involved in this transaction is a commercial office building located at 6624 Fannin Street in Houston. The asset is owned by Texas Children’s Hospital and was leased on July 17, 2020. The property is part of the hospital's facilities and is likely used for administrative or medical office purposes.

Summary of transaction details

  • Property Type: Commercial/Office/Hospital
  • Transaction Date: 07/17/2020
  • Address: 6624 Fannin Street
  • Market: Houston

The lease transaction for the property was facilitated by the brokers Chris Wadley and Mallory Douthit from JLL, who represented Texas Children’s Hospital in the deal. They likely played a crucial role in negotiating and finalizing the terms of the lease agreement.

Players

Chris Wadley

JLL

Broker

2 deals

Broker
TH
Texas Children’s HospitalLandlord

Houston 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