LEASED
CUNA Mutual Investment Corp Leases 8926 SF Space On N Gessner Rd, Houston
7221 N Gessner Rd, Houston, TX, 77064
Building Size
8,926 SF
Asset Type
—
Closing
Nov 22, 2023
AI
The leased property located at 7221 N Gessner Rd in Houston, TX, 77064 is part of the Brookhollow West Business Park. Covering 8,926 square feet, the property was leased by CUNA Mutual Investment Corp through their representative, Walter Menuet from Colliers International.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not Applicable
- Landlord: CUNA Mutual Investment Corp
- Landlord's Representative: Walter Menuet (Colliers International)
- Market: Houston
- Square Feet: 8,926
For more information or inquiries regarding this lease deal, please reach out to Amy Sorter.
Players
Houston CRE Market Snapshot
Boundary boundary · CRE · 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