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11330 Clay Road, Houston, T...

Surge Energy Leases Office Space In Houston's Clay Rd. With Broker Kevin Saxe - CBRE
LEASEDOffice

Surge Energy Leases Office Space In Houston's Clay Rd. With Broker Kevin Saxe - CBRE

11330 Clay Road, Houston, Texas 77041, United States

Building Size

64,018 SF

Asset Type

Office

Closing

Aug 29, 2022

AI

The office space located at 11330 Clay Rd. in Houston has been leased. The property, with a total square footage of 64,018, is now occupied by Surge Energy. The lease transaction was facilitated by Kevin Saxe from CBRE.

Summary of transation details

  • Property Type: Office
  • Transaction Amount: N/A
  • Date: 08/30/2022
  • Address: 11330 Clay Rd.
  • Market: Houston
  • Tenant: Surge Energy
  • Broker: Kevin Saxe - CBRE

The lease deal was successfully completed, with Surge Energy choosing the office space at 11330 Clay Rd. as their new location. Kevin Saxe from CBRE represented Surge Energy as their broker in the transaction.

Players

Kevin Saxe

CBRE

Broker

8 deals

Broker

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