LEASEDOffice
HostGator Leases 38,582 SF Office Space At 5005 Mitchelldale Street, Houston
5005 Mitchelldale St, Houston, TX 77092, USA
Building Size
38,582 SF
Asset Type
Office
Closing
Aug 27, 2020
About this deal
AI
The office property at 5005 Mitchelldale Street in Houston has been leased. The transaction took place on August 28, 2020.
Summary of transaction details
- Property Type: Office
- Address: 5005 Mitchelldale Street
- Market: Houston
- Tenant: HostGator
- Brokers: Don Foster & Ed Prejean (JLL), Michelle Wogan & Paula Musa (Transwestern)
- Square Footage: 38,582
The lease was secured by HostGator. The deal was facilitated by Don Foster and Ed Prejean from JLL, as well as Michelle Wogan and Paula Musa from Transwestern.
On the Map
Office
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Players
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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