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Texas Avenue | Webster

Texas Oncology Secures 35,000 Square Feet Medical Office Lease In Webster With CBRE Representation
LEASEDMedical Office

Texas Oncology Secures 35,000 Square Feet Medical Office Lease In Webster With CBRE Representation

Building Size

35,000 SF

Asset Type

Medical Office

Closing

Dec 4, 2024

AI

A 35,000-square-foot medical office lease was secured for Texas Oncology at Webster Town Center, located at the southeast corner of Interstate 45 and Texas Avenue in Webster, TX. This property is designed to accommodate medical practices and is situated in a market conducive to healthcare services.

Summary of transaction details:

Kevin Sims and Nick Ramsey of NewQuest Properties represented the landlord in this transaction, while the tenant, Texas Oncology, was represented by Lindsay Arbour and Nelson Udstuen from CBRE. Their collaboration facilitated the successful leasing of the medical office space in the Webster market.

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