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1177 West Loop South

UHY Expands Office Lease To 11970 SF At 1177 West Loop South In Houston
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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:

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

Anthony Squillante

Avison Young

Broker

10 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