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
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.
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