Updated Dec 4, 2024
Kimberly DeVos & Eduardo Pages Renew 8,343 SF Medical Office Lease In The Woodlands
4840 West Panther Creek Drive
Building Size
8,343 SF
Asset Type
Medical Office
Closing
Jun 10, 2024
About this deal
AI
The medical office located at 4840 West Panther Creek Drive in The Woodlands spans 8,343 square feet. This property is part of a healthcare lease renewal deal that was recently facilitated in the area, approximately 30 miles north of Houston.
Summary of transaction details:
- Property Type: Medical Office
- Transaction Amount: Not provided
- Address: 4840 West Panther Creek Drive
- Market: The Woodlands
- Landlord: Texican Realty
- Landlord's Representative: Eduardo Pages
- Tenant's Representative: Kimberly DeVos - Cypressbrook
The lease negotiations for this healthcare lease renewal were handled by Kimberly DeVos from Cypressbrook, representing the tenant, and Eduardo Pages, who represented the landlord, Texican Realty. The deal was successfully brokered by Cypressbrook Co., a local brokerage firm specializing in real estate transactions.
On the Map
Medical Office
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Players
Spring Medical Office Market Snapshot
Boundary boundary · Medical 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