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945 Bunker Hill Road

Quanex Building Products Corp. Leases Office Space At 945 Bunker Hill Road In Houston
LEASEDOffice

Quanex Building Products Corp. Leases Office Space At 945 Bunker Hill Road In Houston

945 Bunker Hill Road

Building Size

16,545 SF

Asset Type

Office

Closing

Aug 8, 2022

AI

The leased property is located at 945 Bunker Hill Road in Houston. It is an office space measuring 16,545 square feet.

Summary of transaction details:

The property was leased by Quanex Building Products Corp. The landlord, MetroNational, was represented by Brad MacDougall and Warren Alexander. On the other hand, Andy Iversen, John Luck, and Kaitlyn Duffie from Newmark served as Quanex Building Products Corp.'s representatives in the deal.

Players

Andy Iversen

Newmark

Broker

5 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