The Southeast Texas Regional Advisory Council Renews Lease For 10,196 SF Office Space In Houston
1111 N Loop W Houston, TX 77008, USA
Building Size
10,196 SF
Asset Type
Office
Closing
Jul 12, 2023
AI
The Southeast Texas Regional Advisory Council, a nonprofit serving the healthcare industry, has renewed its lease for a 10,196-square-foot office space located at 1111 North Loop West in Houston. The office space, owned by Nitya Capital, offers a suitable location for the advisory council to continue its services within the healthcare industry.
Summary of transaction details
- Property Type: Office
- Transaction Amount: Not mentioned
- Address: 1111 North Loop West, Houston
- Market: Houston
- Square Footage: 10,196
Handling the lease negotiations were the tenant's representatives from Partners Real Estate, namely Ryan Hand, Harry Holmes, and Charlie Neuhaus. On behalf of the landlord, Nitya Capital, the lease negotiations were conducted by Guy Brown from Texas Overland. These individuals and agencies played a crucial role in ensuring the lease renewal process went smoothly for both the advisory council and the property owners.
With this lease renewal, The Southeast Texas Regional Advisory Council can continue its operations in the healthcare industry from its convenient and well-suited office space in Houston.
Players
Texas 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