Luna Recovery Renews & Expands Lease At 5757 Woodway Dr, Houston
5757 Woodway Dr, Houston, TX, 77057
Building Size
4,646 SF
Asset Type
Office
Closing
Jan 15, 2019
AI
Located at 5757 Woodway Dr in Houston, TX, the office property spans 4,646 square feet. Luna Recovery, a local mental health provider specializing in outpatient drug and alcohol addiction counseling, has renewed and expanded its lease at this address. The tenant's representative, Taylor Wright of Colliers International, facilitated the lease negotiations, while Zachary Wolf of Braun Enterprises represented the landlord, 5757 Woodway Ltd, an entity owned by Braun Enterprises.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Tenant: Luna Recovery
- Tenant's Rep: Taylor Wright (Colliers International)
- Landlord: Braun Enterprises
- Landlord's Rep: Zachary Wolf (Braun Enterprises)
- Market: Houston
- Square Feet: 4,646
The lease renewal and expansion deal at 5757 Woodway Dr were orchestrated by Taylor Wright of Colliers International on behalf of Luna Recovery, the tenant, and Zachary Wolf of Braun Enterprises representing the landlord, 5757 Woodway Ltd, which is under the ownership of Braun Enterprises.
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