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11750 Katy Freeway

Q-mation Leases Office Space At 11750 Katy Freeway In Houston With Landlord Energy Tower IV Investments And Tenant's Rep Colliers
LEASEDOffice

Q-mation Leases Office Space At 11750 Katy Freeway In Houston With Landlord Energy Tower IV Investments And Tenant's Rep Colliers

11750 Katy Freeway

Building Size

5,178 SF

Asset Type

Office

Closing

Oct 18, 2023

AI

Energy Tower IV Investments, represented by Mac Haik, leased an office space located at 11750 Katy Freeway in Houston. The property has a total area of 5,178 square feet and is owned by Energy Tower IV Investments. The lease transaction was completed on October 18, 2023.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Not available
  • Address: 11750 Katy Freeway
  • Market: Houston
  • Size: 5,178 square feet

The tenant, Q-mation, was represented by Darren Gowell and Huston Spencer from Colliers. On the landlord's side, Steve Bryant from Energy Tower IV Investments acted as the representative. The lease agreement was successfully negotiated between the parties involved.

Players

Darren Gowell

Colliers

Broker

2 deals

Broker

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