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1180 W Loop N Fwy, Houston,...

UYL Color Leases 20000 Square Feet From Centerpoint Properties Trust In Houston
LEASEDOffice

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

Matthew Goldsby

Broker

2 deals

Broker
CenterPoint Properties
CenterPoint PropertiesLandlord

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