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3600 S Gessner Rd, Houston,...

Updated Oct 29, 2024

MHMRA Renews 14k SF Lease At 3600 S Gessner Rd, Houston With Pollan Hausman's Reps
LEASEDOffice

MHMRA Renews 14k SF Lease At 3600 S Gessner Rd, Houston With Pollan Hausman's Reps

3600 S Gessner Rd, Houston, TX, 77063

Building Size

14,000 SF

Asset Type

Office

Closing

Nov 15, 2016

About this deal

AI

The office property located at 3600 S Gessner Rd, Houston, TX, 77063, in Houston, with a size of 14,000 square feet, was involved in a lease transaction. The tenant, MHMRA, renewed their lease for the entire 14,000 square feet at the building, which is owned by Plazer Properties. The tenant was represented by Pat Pollan and Russel Rao from Pollan Hausman, while the building owner was represented by Terri Torregrossa from Moody Rambin.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Not Applicable
  • Address: 3600 S Gessner Rd, Houston, TX, 77063
  • Market: Houston
  • Tenant: MHMRA
  • Tenant's Rep: Pat Pollan(Pollan Hausman), Russel Rau(Pollan Hausman)
  • Landlord: Plazer Properties
  • Square Feet: 14,000

The lease renewal deal at 3600 S Gessner Rd in Houston was facilitated by experienced professionals. Pat Pollan and Russel Rao from Pollan Hausman served as the tenant representatives for MHMRA, ensuring a successful lease continuation. On the other side, Terri Torregrossa of Moody Rambin expertly navigated the negotiations as the building owner's representative, Plazer Properties, securing the lease renewal for the office space.

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Players

Pat Pollan

Pollan Hausman

Broker

1 deal

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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

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