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
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