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
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