Texas Oncology Leases 35000 Square Feet Medical Office Space In Webster With Tenant's Rep CBRE
Building Size
35,000 SF
Asset Type
Medical Office
Closing
Nov 18, 2024
AI
The property asset involved in the transaction is a medical office space located at 20915 Interstate 45, Webster, comprising 35,000 square feet. The lease pertains to Texas Oncology, which has secured this space within the Webster Town Center at the intersection of I-45 and Texas Avenue.
Summary of transaction details:
- Property Type: Medical Office
- Transaction Amount: Not specified
- Address: 20915 Interstate 45
- Market: Webster
- Tenant: Texas Oncology
- Landlord's Representative: Kevin Sims & Nick Ramsey - NewQuest Properties
- Tenant's Representative: Lindsay Arbour & Nelson Udstuen - CBRE
This lease was negotiated with the involvement of Kevin Sims and Nick Ramsey representing the landlord, while Lindsay Arbour and Nelson Udstuen acted on behalf of the tenant. The collaboration between these brokers facilitated the agreement for Texas Oncology to occupy the designated medical office space.
Players
Market 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