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
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