Partners Real Estate Secures Lease For Office Space On Space Center Blvd In Houston
13100 Space Center Boulevard, Houston, Texas 77059, United States
Building Size
22,314 SF
Asset Type
Office
Closing
Nov 18, 2022
AI
The leased office property located at 13100 Space Center Blvd in Houston has been successfully transacted. The property spans over an area of 22,314 square feet, making it an attractive space for potential tenants.
Summary of transaction details:
- Property Type: Office
- Transaction Date: 11/18/2022
- Address: 13100 Space Center Blvd, Houston
- Market: Houston
- Landlord: Billipp Space Center L.P
- Landlord's Representative: Scott Fikes - JLL
- Tenant's Representative: Trey Martin - Partners Real Estate
The successful lease transaction was facilitated by Trey Martin of Partners Real Estate, who represented the tenant. On the other side, Scott Fikes, from JLL, acted as the landlord's representative in the deal.
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