Moody National Buffalo Speedway Leases 9400 Square Feet To Tenant Represented By Chris Nash
3700 Buffalo Speedway, Houston, TX...
Building Size
9,400 SF
Asset Type
Office
Closing
Aug 1, 2017
About this deal
AI
The property involved in this transaction is located at 3700 Buffalo Speedway, Houston, TX, with a total square footage of 9,400. The market for this asset is Houston. The landlord for this property is Moody National Buffalo Speedway.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 3700 Buffalo Speedway, Houston, TX
- Square Feet: 9,400
- Tenant's Representative: Chris Nash, Lee & Associates
- Landlord: Moody National Buffalo Speedway
Chris Nash and Travis Taylor represented Chicago Title in this transaction, while Stephen Woods represented Moody National Buffalo Speedway as the landlord. The deal involved a renewal for the stated square footage at the specified location.
On the Map
Office
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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