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10777 Westheimer Road, Hous...

Regus Leases Office Space At 10777 Westheimer Road In Houston With Kevin Saxe & Corbin Janssen - CBRE Representing The Tenant
LEASEDOffice

Regus Leases Office Space At 10777 Westheimer Road In Houston With Kevin Saxe & Corbin Janssen - CBRE Representing The Tenant

10777 Westheimer Road, Houston, TX, USA

Building Size

18,049 SF

Asset Type

Office

Closing

Jan 4, 2021

AI

An 18,049 square foot office property located at 10777 Westheimer Road in Houston has been leased. The tenant, Regus, has signed a lease agreement with the landlord, Nitya Capita. The lease transaction was facilitated by Kevin Saxe and Corbin Janssen of CBRE, representing the tenant, and Louann Pereira, Doug Little, and Matthew Seliger of Transwestern, representing the landlord.

Summary of transaction details:

The lease transaction for the office property at 10777 Westheimer Road in Houston involved Regus as the tenant and Nitya Capita as the landlord. The tenant was represented by Kevin Saxe and Corbin Janssen of CBRE, while the landlord was represented by Louann Pereira, Doug Little, and Matthew Seliger of Transwestern.

Players

Doug Little

Transwestern

Broker

12 deals

Broker
Nitya Capital
Nitya CapitalLandlord

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