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
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