LEASEDOffice
Vista Host Inc Leases 7700 Square Feet From FSP Westchase In Houston, TX
10370 Richmond Ave, Houston, TX, 7...
Building Size
7,700 SF
Asset Type
Office
Closing
Mar 21, 2017
AI
Vista Host Inc. renewed a 7,700 square feet office lease at the Towers at Westchase I, located at 10370 Richmond Ave, in the Houston market.
Summary of transaction details:
- Property Type: Office Lease
- Transaction Amount: Not specified
- Address: 10370 Richmond Ave, Houston, TX
- Market: Houston
- Tenant: Vista Host Inc
- Landlord: FSP Westchase
- Tenant's Representative: Ed Prejean - JLL
- Landlord's Representative: Ryan Bishop - Stream
This transaction involved JLL’s Ed Prejean and Don King representing the tenant, Vista Host Inc., while Stream's Ryan Bishop represented the landlord, FSP Westchase.
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