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950 Corbindale Rd, Houston,...

Asset Plus Cos Leases 29000 Square Feet At 950 Corbindale Rd Houston Represented By Dan Boyles
LEASEDOffice

Asset Plus Cos Leases 29000 Square Feet At 950 Corbindale Rd Houston Represented By Dan Boyles

950 Corbindale Rd, Houston, TX, 77024

Building Size

29,000 SF

Asset Type

Office

Closing

Nov 22, 2016

AI

The asset involved in the transaction is a 29,000 square feet office space located at 950 Corbindale Rd, Houston, TX, 77024. The transaction occurred in the Houston market, indicating a specific interest in commercial leasing within this area.

Summary of transaction details:

The transaction was represented for the tenant, Asset Plus Cos, by Dan Boyles from NAI Capital, while the landlord, FCA, was represented by Richard Plessala from American Medical Resources. This collaboration reflects the operational dynamics between the parties involved in the lease agreement.

Players

Dan Boyles

Partners Real Estate

Broker

19 deals

Broker
FCA
FCALandlord

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