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:
- Property Type: Lease
- Transaction Amount: Not specified
- Tenant: Asset Plus Cos
- Landlord: FCA
- Square Feet: 29,000
- Tenant's Representative: Dan Boyles (NAI Capital)
- Landlord's Representative: Richard Plessala (American Medical Resources)
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
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