DECA Dental & Veterinary Emergency Group Leases Mixed-use Property In Houston
1440 Studemont Street, Houston, Texas 77007, United States
Building Size
10,000 SF
Asset Type
Mixed-use
Closing
Mar 6, 2022
About this deal
AI
The mixed-use property located at 1440 Studemont St in Houston has been leased. The property spans an area of 10,000 square feet and is owned by Gulf Coast Commercial Group, represented by Bruce Christenson & Tom Lile. The tenant who will occupy the space is DECA Dental & Veterinary Emergency Group.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: N/A
- Date: 03/07/2022
- Address: 1440 Studemont St
- Market: Houston
- Landlord: Gulf Coast Commercial Group - Bruce Christenson & Tom Lile
- Tenant: DECA Dental & Veterinary Emergency Group
Bruce Christenson & Tom Lile from Gulf Coast Commercial Group represented the landlord in this transaction.
On the Map
Mixed-use
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Players
Houston Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Lease transactions
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Deal FAQ
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