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4560 Kendrick Plaza Dr, Hou...

Aegis Chemical Solutions Leases Office Space At 4560 Kendrick Plaza Drive In Houston
LEASEDOffice

Aegis Chemical Solutions Leases Office Space At 4560 Kendrick Plaza Drive In Houston

4560 Kendrick Plaza Dr, Houston, Tx 77032, Usa

Building Size

17,210 SF

Asset Type

Office

Closing

Oct 6, 2020

AI

Aegis Chemical Solutions has signed a lease for an office space at 4560 Kendrick Plaza Drive in Houston. The property, owned by EastGroup Properties LP, offers a total area of 17,210 square feet. The deal was facilitated by Jason Whittington from NAI Partners, representing the tenant, and Logan Greer from Insite Realty Partners, representing the landlord.

Summary of transation details

  • Property Type: Office
  • Transaction Amount: Not Applicable
  • Tenant: Aegis Chemical Solutions
  • Landlord: EastGroup Properties LP
  • Tenant's Rep: Jason Whittington - NAI Partners
  • Landlord's Rep: Logan Greer - Insite Realty Partners
  • Address: 4560 Kendrick Plaza Drive
  • Market: Houston
  • Asset Type: Office

This lease transaction demonstrates Aegis Chemical Solutions' decision to secure office space at 4560 Kendrick Plaza Drive in Houston. Jason Whittington, from NAI Partners, represented the tenant, while Logan Greer, from Insite Realty Partners, advocated for the landlord's interests.

Players

Jason Whittington

Partners Real Estate

Broker

4 deals

Broker
NAI Global
NAI GlobalBrokerage
EastGroup Properties
EastGroup PropertiesLandlord

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