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1233 W Loop S, Houston, TX ...

Ryan LLC Leases Office Space At 1233 West Loop S In Houston With Brokers Transwestern
LEASEDOffice

Ryan LLC Leases Office Space At 1233 West Loop S In Houston With Brokers Transwestern

1233 W Loop S, Houston, TX 77027, USA

Building Size

66,750 SF

Asset Type

Office

Closing

Jul 14, 2020

AI

The office property located at 1233 West Loop S in Houston has recently been leased. The lease transaction was successfully completed on July 15, 2020.

Summary of transaction details

  • Property Type: Office
  • Transaction Date: 07/15/2020
  • Address: 1233 West Loop S
  • Market: Houston

The tenant for this leased office space is Ryan LLC. The landlord, who owns the property, is Regent Properties represented by Matthew Benbassat. Transwestern, represented by Doug Little, David Baker, Kelli Gault, and Jack Scharnberg, acted as the brokers in this deal.

Players

David Baker

Newmark

Broker

$5.2M

vol

4 deals

Broker

Matthew Benbassat

Regent Properties

Landlord

$420M

vol

2 deals

Landlord

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