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800 Gessner Road, Houston, ...

Coterra Energy Inc Leases 122,000 SF Office Space In Houston
LEASEDOffice

Coterra Energy Inc Leases 122,000 SF Office Space In Houston

800 Gessner Road, Houston, Texas 77024, United States

Building Size

122,000 SF

Asset Type

Office

Closing

Feb 3, 2022

AI

The leased property in this transaction is an office space located at 800 Gessner Road in Houston. The property spans across 122,000 square feet, making it a significant asset.

Summary of transaction details

  • Property Type: Office
  • Transaction Date: 02/04/2022
  • Property Address: 800 Gessner Road
  • Market: Houston
  • Square Footage: 122,000

The landlord of the property is MetroNational, while the tenant is Coterra Energy Inc. Representing the landlord in this deal are Brad MacDougall and Warren Alexander from MetroNational. Jim Bailey from Cushman & Wakefield and Lucian Bukowski from CBRE serve as the tenant's representatives.

Players

Lucian Bukowski

CBRE

Broker

7 deals

Broker
MetroNational
MetroNationalLandlord

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