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1111 N Loop W Houston, TX 7...

The Southeast Texas Regional Advisory Council Renews Lease For 10,196 SF Office Space In Houston
LEASEDOffice

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

Charlie Neuhaus

Partners Real Estate

Broker

6 deals

Broker
Nitya Capital
Nitya CapitalLandlord

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