UYL Color Leases 20000 Square Feet From Centerpoint Properties Trust In Houston
1180 W Loop N Fwy, Houston, TX, 770...
Building Size
20,000 SF
Asset Type
Office
Closing
Apr 4, 2017
AI
A lease transaction has been completed for a property located at 1180 W Loop N Fwy, Houston, TX, covering an area of 20,000 square feet. This property will serve as the new headquarters for UYL Color, marking their fifth location in the Houston area. The landlord for this transaction is Centerpoint Properties Trust.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not disclosed
- Address: 1180 W Loop N Fwy, Houston, TX, 770...
- Market: Houston
- Square Feet: 20,000
- Tenant: UYL Color
- Landlord: Centerpoint Properties Trust
- Tenant's Representative: Matthew Goldsby
- Landlord's Representative: Kelly Landwermeyer - Holt Lunsford Commercial
Belvoir Real Estate Group's Matthew Goldsby and Sam Chang represented UYL Color in this transaction. Kelly Landwermeyer of Holt Lunsford Commercial represented the landlord, Centerpoint Properties Trust.
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