McCall Gibson Swedlund Barfoot Signs Lease For 8.3K SF Office Space In Houston
13100 Wortham Center Dr Houston, TX 77065, USA
Building Size
8,355 SF
Asset Type
Office
Closing
Apr 1, 2023
About this deal
AI
McCall Gibson Swedlund Barfoot PLLC has recently signed a lease for 8,355 square feet of office space located at 13,100 Wortham Center Dr. in Houston, Texas. This lease transaction took place in the FM 1960/Hwy 249 submarket. The office space will serve as the new premises for the tenant.
Summary of transaction details
- Property Type: Office
- Transaction Amount: Not available
- Market: Houston
- Size: 8,355 SF
Ryan Hartsell of Oxford Partners represented the tenant, McCall Gibson Swedlund Barfoot PLLC, during the lease negotiation. On the other side of the deal, Mary Caldwell of Caldwell Companies acted as the representative for the landlord, Beruba Investments.
Players
Texas 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