The Mind Spot Leases 3,148 SF Office At 3000 Weslayan St, Houston
3000 Weslayan Street
Building Size
3,148 SF
Asset Type
Office
Closing
Jun 19, 2024
About this deal
AI
The Mind Spot, a prominent mental health service provider, has leased a 3,148 square foot office space at 3000 Weslayan Street in Houston. The office space is situated in a prime retail corridor, enhancing accessibility and quality mental health services for the Houston community.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not provided
- Tenant: Kari Barton, Lori Fisher & Laurie Noteboom - The Mind Spot
- Landlord's Rep: William Stone - Cushman & Wakefield
- Tenant's Rep: Ray Lopez - Colliers
The deal was facilitated by Ray Lopez of Colliers, representing The Mind Spot in securing their new office space. This lease agreement marks a strategic move for The Mind Spot to support their growth and further their mission of providing high-quality mental health services to the local community.
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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