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11490 Westheimer Rd, Housto...

Advance Energy Partners LLC Leases 13817 Square Feet At 11490 Westheimer Rd Houston From Hertz Investment Group
LEASEDOffice

Advance Energy Partners LLC Leases 13817 Square Feet At 11490 Westheimer Rd Houston From Hertz Investment Group

11490 Westheimer Rd, Houston, TX, 7...

Building Size

13,817 SF

Asset Type

Office

Closing

Nov 19, 2023

AI

The property is a 13,817-square-foot office space located at 11490 Westheimer Road, in the Westchase submarket of Houston, Texas. It is situated within a 10-story office building known as Westchase Park Plaza. The market for this asset is Houston.

Summary of transaction details:

  • Property Type: Office Lease
  • Transaction Amount: Not specified
  • Tenant: Advance Energy Partners LLC
  • Landlord: Hertz Investment Group
  • Tenant's Representative: Dan Boyles - NAI Capital
  • Landlord's Representative: Kurt Kistler - Moody Rambin

In this transaction, Advance Energy Partners LLC has engaged in a lease renewal and expansion within the office building. NAI Partners, represented by Dan Boyles, acted on behalf of the tenant, while Kurt Kistler from Moody Rambin represented the landlord during the negotiations.

Players

Dan Boyles

Partners Real Estate

Broker

19 deals

Broker
HG
Hertz Investment GroupLandlord

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