facebook

traded

+ Submit
Home

/

Deals

/

Texas

/

Office

/

Lease

/

10350 Richmond Avenue

PhiloWilke Partnership Leases 14,729 Square Feet At The Towers At Westchase In Houston
LEASEDOffice

PhiloWilke Partnership Leases 14,729 Square Feet At The Towers At Westchase In Houston

10350 Richmond Avenue

Building Size

14,729 SF

Asset Type

Office

Closing

Sep 9, 2024

AI

The property asset involved in this transaction is an office space located at 10350 Richmond Avenue in Houston, Texas. The leased area comprises 14,729 square feet, situated in the Westchase District, an established business locale in the market.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Not specified
  • Square Footage: 14,729
  • Address: 10350 Richmond Avenue
  • Market: Houston
  • Landlord: Franklin Street Properties
  • Tenant: PhiloWilke Partnership
  • Landlord's Representative: Brad Fricks & Matthew Seliger - Stream Realty Partners
  • Tenant's Representative: Cody Little & Jordan Raney - JLL

PhiloWilke Partnership has engaged in a lease agreement for the office space, with representation provided to the landlord, Franklin Street Properties, by Brad Fricks and Matthew Seliger of Stream Realty Partners. Meanwhile, the tenant was represented by Cody Little and Jordan Raney from JLL throughout the leasing process.

Players

Matthew Seliger

Stream Realty Partners⁠

Broker

5 deals

Broker

Houston Office Market Snapshot

Boundary boundary · Office · Lease transactions

Loading comparables…

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