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
Houston Office Market Snapshot
Boundary boundary · Office · Lease transactions
Loading comparables…
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