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
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.
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