Hartman Income REIT Management, Inc Leases Office Space In Houston To The Federal Emergency Management Agency
616 Fm 1960 East, Houston, Texas 77073, United States
Building Size
17,167 SF
Asset Type
Office
Closing
Aug 1, 2022
AI
The property involved in this transaction is an office space located at 616 FM 1960 in Houston. The property has a total area of 17,167 square feet. The lease for this property was signed by The Federal Emergency Management Agency (FEMA) and the landlord, Hartman Income REIT Management, Inc. The lease is a long-term agreement.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Address: 616 FM 1960
- Market: Houston
- Square Footage: 17,167
The landlord's representative in this deal is Thomas Emde from Hartman Income REIT Management, Inc.
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