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3131 Eastside Street, Houst...

Rise Association Management Group Leases Office Space At 3131 Eastside, Suite 100 In Houston, TX
LEASEDOffice

Rise Association Management Group Leases Office Space At 3131 Eastside, Suite 100 In Houston, TX

3131 Eastside Street, Houston, Texas 77098, United States

Building Size

7,794 SF

Asset Type

Office

Closing

Nov 16, 2022

AI

The leased property located at 3131 Eastside, Suite 100 in Houston, TX has been transacted. The property is an office space with a total area of 7,794 square feet. The lease agreement was signed on November 16, 2022.

Summary of transaction details:

  • Property Type: Office
  • Transaction Date: 11/16/2022
  • Address: 3131 Eastside, Suite 100, Houston, TX
  • Market: Houston
  • Square Footage: 7,794

The landlord for this property is Killam Development, while Rise Association Management Group is the tenant. The landlord was represented by Monte Calvert from Transwestern Real Estate Services, and the tenant was represented by Ray Lopez from Colliers.

Players

Ray Lopez

Colliers

Broker

6 deals

Broker
KD
Killam DevelopmentLandlord

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