WorkSuites Leases 15001 Square Feet At 510 Bering Dr Houston With Tenant's Reps Greg Burns And John Pelletier
510 Bering Dr, Houston, TX, 77057
Building Size
15,001 SF
Asset Type
Office
Closing
Nov 20, 2023
AI
The property involved in the transaction is located at 510 Bering Dr, Houston, TX, 77057, within the Houston market. It comprises a total space of 15,001 square feet. The specific details regarding the transaction price and value are not disclosed.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not disclosed
- Address: 510 Bering Dr, Houston, TX, 77057
- Market: Houston
- Square Feet: 15,001
- Tenant: WorkSuites
- Tenant's Representative: Greg Burns, John Pelletier-Cresa
- Landlord: Unknown
This lease transaction features WorkSuites as the tenant. The representatives for WorkSuites in this lease deal are Greg Burns and John Pelletier from Cresa, acting on behalf of the tenant. The landlord's identity has not been disclosed in the information provided.
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