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5005 Mitchelldale St, Houst...

HostGator Leases 38,582 SF Office Space At 5005 Mitchelldale Street, Houston
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

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

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.

Players

Don Foster

Broker

1 deal

Broker

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