Brown & Musselwhite, LLLP Leases 5,509 SF Office Space At 1177 West Loop South In Houston With Tenant's Rep Charlie Neuhaus - NAI Partners And Landlord's Rep Kelli Gault - Transwestern
1177 West Loop South, Houston, Texas 77027, United States
Building Size
5,509 SF
Asset Type
Office
Closing
May 9, 2022
AI
The leased property involved in this transaction is an office space located at 1177 West Loop South in Houston. The property spans a total of 5,509 square feet.
Summary of transaction details
- Property Type: Office
- Transaction Date: 05/10/2022
- Market: Houston
- Tenant: Brown & Musselwhite, LLLP
- Landlord's Representative: Kelli Gault - Transwestern
- Tenant's Representative: Charlie Neuhaus - NAI Partners
Charlie Neuhaus, representing NAI Partners, played a crucial role in facilitating the deal as the tenant's representative for Brown & Musselwhite, LLLP. Kelli Gault, from Transwestern, acted as the landlord's representative during the lease agreement.
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