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510 Bering Dr, Houston, TX,...

WorkSuites Leases 15001 Square Feet At 510 Bering Dr Houston With Tenant's Reps Greg Burns And John Pelletier
LEASEDOffice

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

Greg Burns

Broker

4 deals

Broker
W
WorkSuitesTenant

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