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3200 Wilcrest Dr, Houston, ...

CJG Engineers Signs Lease For 5100 Square Feet At 3200 Wilcrest Dr In Houston
LEASEDIndustrial

CJG Engineers Signs Lease For 5100 Square Feet At 3200 Wilcrest Dr In Houston

3200 Wilcrest Dr, Houston, TX, 77042

Building Size

5,100 SF

Asset Type

Industrial

Closing

Nov 29, 2016

AI

The property involved in this lease transaction is located at 3200 Wilcrest Dr, Houston, TX, 77042. It consists of 5,100 square feet of office space within the Houston market.

Summary of transaction details:

  • Property Type: Office Lease
  • Transaction Amount: Not disclosed
  • Address: 3200 Wilcrest Dr, Houston, TX, 77042
  • Square Feet: 5,100
  • Tenant: CJG Engineers
  • Landlord: Houston Texas Westchase III Properties
  • Tenant's Representative: Ed Prejean
  • Landlord's Representatives: Karen Wright, Kurt Kistler, Kurt Kistlerand - Moody Rambin

This transaction reflects a renewal lease agreement for CJG Engineers at the specified location, with representation provided for both parties by skilled professionals in the commercial real estate sector.

Players

Ed Prejean

Broker

4 deals

Broker

Houston Industrial Market Snapshot

Boundary boundary · Industrial · 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