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
About this deal
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.
On the Map
Office
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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