Kelsey-Seybold Clinic Leases 20,000-Square-Foot Space At Woodway Square Center
6401 Woodway Drive Houston, Texas 77057, USA
Building Size
20,000 SF
Asset Type
Retail
Closing
Jun 30, 2023
About this deal
AI
Kelsey-Seybold Clinic has signed a lease for the anchor space at Woodway Square Center in Houston. The property is a 20,000-square-foot retail space located at 6401 Woodway Drive. Woodway Square Center is owned by DeGeorge Properties II, LLC.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: Not specified
- Address: 6401 Woodway Drive
- Market: Houston
- Size: 20,000 square feet
The landlord, DeGeorge Properties II, LLC, represented by Greg DeGeorge from DeGeorge Real Estate, finalized the lease agreement with Kelsey-Seybold Clinic. Kelsey-Seybold Clinic plans to offer a range of primary and specialty medical care services at their new location.
Players
Texas Retail Market Snapshot
Boundary boundary · Retail · Lease transactions
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Deal FAQ
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