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1177 West Loop South, Houst...

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
LEASEDOffice

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

Charlie Neuhaus

Partners Real Estate

Broker

6 deals

Broker
NAI Global
NAI GlobalBrokerage

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