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11301 Fallbrook Drive, Hous...

Texas Orthodontic Specialists, Touchstone Medical Imaging, And Steeplechase Diagnostic Center Lease Office Space In Houston
LEASEDOffice

Texas Orthodontic Specialists, Touchstone Medical Imaging, And Steeplechase Diagnostic Center Lease Office Space In Houston

11301 Fallbrook Drive, Houston, TX, USA

Building Size

13,276 SF

Asset Type

Office

Closing

Jan 10, 2021

AI

A lease transaction recently took place in Houston, involving an office property located at 11301 Fallbrook Drive. The property spans an area of 13,276 square feet. The lease was signed on 01/11/2021.

Summary of transaction details

  • Property Type: Office
  • Tenant: Texas Orthodontic Specialists - Dr. Regina Lewis, Dr. Stephen Chen, & Dr. Joseph Chen, Touchstone Medical Imaging, LLC, & Steeplechase Diagnostic Center
  • Landlord: Partners Capital
  • Brokers: Lesley Rice & Andy Parrish - NAI Partners

The tenant for the office space is Texas Orthodontic Specialists, represented by Dr. Regina Lewis, Dr. Stephen Chen, and Dr. Joseph Chen, along with Touchstone Medical Imaging, LLC and Steeplechase Diagnostic Center. The lease transaction was facilitated by brokers Lesley Rice and Andy Parrish from NAI Partners.

Players

Andy Parrish

Broker

3 deals

Broker
NAI Global
NAI GlobalBrokerage
S3 Capital
S3 CapitalLender
S3 Capital
S3 CapitalLandlord

Houston Office Market Snapshot

Boundary boundary · 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