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1233 West Loop South, Houst...

Cadence Bank Signs Lease For 82,215 SF Office Space At 1333 West Loop S. In Houston
LEASEDOffice

Cadence Bank Signs Lease For 82,215 SF Office Space At 1333 West Loop S. In Houston

1233 West Loop South, Houston, TX, USA

Building Size

82,215 SF

Asset Type

Office

Closing

Dec 17, 2020

AI

The lease transaction for an office property at 1333 West Loop S. in Houston was completed on December 18, 2020. The property has a total area of 82,215 square feet.

Summary of transaction details:

The lease deal was negotiated by Weldon Martin and Jon Lee from CBRE, representing the tenant Cadence Bank. On the other side, the landlord Regent Properties was represented by Doug Little, David Baker, Kelli Gault, and Jack Scharnberg from Transwestern.

Players

David Baker

Newmark

Broker

$5.2M

vol

4 deals

Broker
Regent Properties
Regent 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