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
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