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5757 Woodway Dr, Houston, T...

Luna Recovery Renews & Expands Lease At 5757 Woodway Dr, Houston
LEASEDOffice

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

Taylor Wright

Colliers

Broker

5 deals

Broker
BE
Braun EnterprisesLandlord

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