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
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.
Players
Houston 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