Robert Half International Leases 20,270 SF Office Space At 11700 Katy Freeway, Houston
11700 Katy Fwy, Houston, TX 77079, USA
Building Size
20,270 SF
Asset Type
Office
Closing
Jul 13, 2020
About this deal
AI
The office property located at 11700 Katy Freeway in Houston has been leased in a closed transaction. The property spans an area of 20,270 square feet and is owned by ATCAP Partners. The tenant, Robert Half International, was represented by David Bale and Don Foster of JLL, while the landlord, ATCAP Partners, was represented by Kevin Poynter of Poynter Commercial Properties.
Summary of transaction details
- Property Type: Office
- Tenant: Robert Half International – M. Keith Waddell
- Landlord: ATCAP Partners
- Tenant's Rep: David Bale & Don Foster – JLL
- Landlord's Rep: Kevin Poynter – Poynter Commercial Properties
- Square Footage: 20,270
In this lease transaction, David Bale and Don Foster of JLL represented the tenant, Robert Half International, while Kevin Poynter of Poynter Commercial Properties represented the landlord, ATCAP Partners. The deal was successfully closed, securing the lease of the 20,270 square feet office space located at 11700 Katy Freeway in Houston.
Players
Houston Office Market Snapshot
Boundary boundary · Office · Lease transactions
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Deal FAQ
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