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Texas Oncology Leases 35000 Square Feet Medical Office Space In Webster With Tenant's Rep CBRE
LEASEDMedical Office

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:

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

Kevin Sims

NewQuest Properties

Broker

14 deals

Broker

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