Griff Bandy Of NAI Capital Represents Tenant In Lease At 11550 Fuqua St Houston
11550 Fuqua St, Houston, TX, 77034
Building Size
12,084 SF
Asset Type
Office
Closing
Jun 30, 2019
AI
The property is a Class B office space located at 11550 Fuqua St, Houston, TX, 77034, encompassing a total area of 12,084 square feet. The building was constructed in 1983, and specific details regarding the market value are not disclosed.
Summary of transaction details:
- Property Type: Office Lease
- Transaction Amount: Not Disclosed
- Address: 11550 Fuqua St, Houston, TX, 77034
- Square Feet: 12,084
- Market: Houston
- Tenant: Ham, Langston & Brezina LLP
- Tenant's Representative: Griff Bandy-NAI Capital
- Landlord: Unknown
Griff Bandy of NAI Partners represented the tenant, Ham, Langston & Brezina LLP, in the lease negotiations for the office space. The landlord's name and representative were not disclosed in the transaction details.
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