Investcorp Leases 9300 Square Feet To Geosync Consultants At 10777 Westheimer Rd Houston
10777 Westheimer Rd, Houston, TX, 7...
Building Size
9,300 SF
Asset Type
Office
Closing
Jun 6, 2017
AI
The property involved in this transaction is located at 10777 Westheimer Rd, Houston, TX. The total area of this leased space is 9,300 square feet. It is situated in the Houston market and is leased by Geosync Consultants from the landlord, Investcorp.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 10777 Westheimer Rd, Houston, TX
- Market: Houston
- Landlord: Investcorp
- Tenant: Geosync Consultants
- Landlord's Rep: Amanda Lee App (Transwestern)
- Tenant's Rep: Rob Johnson (Lee & Associates)
- Square Feet: 9,300
The deal involved key representatives from both sides, with the landlord represented by Amanda Lee App along with Louann Pereira and Doug Little, all from Transwestern. Rob Johnson from Lee & Associates represented Geosync Consultants in the leasing transaction.
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