UHY Expands Office Lease To 11970 SF At 1177 West Loop South In Houston
1177 West Loop South
Building Size
11,970 SF
Asset Type
Office
Closing
Sep 6, 2024
AI
The property asset involved is an 11,970-square-foot office located at 1177 West Loop South in the Houston market. The lease is between Hicks Ventures as the landlord and UHY as the tenant.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not disclosed
- Address: 1177 West Loop South
- Market: Houston
- Square Footage: 11,970
- Landlord: Hicks Ventures
- Tenant: UHY
- Landlord's Representative: Doug Little & Kelli Gault - Transwestern
- Tenant's Representative: Anthony Squillante & Dustin Devine - Avison Young
Avison Young successfully arranged the lease, facilitating UHY's expansion from their previous space of 8,158-square-feet. The transaction saw representation from Doug Little and Kelli Gault of Transwestern for the landlord and Anthony Squillante and Dustin Devine of Avison Young for the tenant.
Players
Houston Office Market Snapshot
Boundary boundary · Office · Lease transactions
Loading comparables…
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