Kimley-Horn Leases Office Space At 11700 Katy Freeway In Houston
11700 Katy Freeway, Houston, Texas 77043, United States
Building Size
47,216 SF
Asset Type
Office
Closing
Aug 30, 2022
AI
An office space located at 11700 Katy Freeway in Houston has been leased. The property spans 47,216 square feet and is owned by ATCAP Partners.
Summary of transaction details:
- Property Type: Office
- Transaction Date: 08/31/2022
- Address: 11700 Katy Freeway
- Market: Houston
- Square Footage: 47,216
The tenant for this lease is Kimley-Horn, a company represented by Kris Knapstein & Drew Morris of Savills. The landlord, ATCAP Partners, was represented by Kevin Poynter of Poynter Commercial Properties.
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