Updated Oct 28, 2024
Houston Cardiovascular Associates Leases 40,000 SF Medical Office Space In Houston
5115 Fannin Street, Houston, Texas 77004, United States
Building Size
40,000 SF
Asset Type
Medical Office
Closing
Oct 13, 2022
About this deal
AI
5115 Fannin St, a 40,000 square foot medical office building located in Houston, has recently been leased. The lease transaction was finalized on October 13, 2022.
Summary of transaction details
- Property Type: Medical Office
- Transaction Date: 10/13/2022
- Address: 5115 Fannin St, Houston
- Market: Houston
- Square Footage: 40,000 SF
The landlord, Mann Eye Institute, entered into the lease agreement with Houston Cardiovascular Associates. The lease was facilitated by CBRE brokers, Andrew Zeplain and Brandy Bellow Spinks.
Traded’s record for 5115 Fannin Street, Houston, Texas 77004, United States in Houston, Texas covers a medical office lease from 2022. The building is 40,000 square feet, implying about 0 per square foot on the published price. Andrew Zeplain, Brandy Bellow Spinks, CBRE appear on the lease alongside CBRE. This page is the Houston, Texas file for the 5115 Fannin Street, Houston, Texas 77004, United States medical office leased: pricing, party profiles, and other closed medical office comps from the same Houston sit in the Market section below. Filter that Houston medical office set by closing date to see what else leased near 5115 Fannin Street, Houston, Texas 77004, United States around 2022. Cite this Houston Cardiovascular Associates Leases 40,000 SF Medical Office Space In Houston lease when underwriting similar medical office product around Houston, Texas.
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Medical Office
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Houston Medical Office Market Snapshot
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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