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
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