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:
- Property Type: Office
- Tenant: Cadence Bank
- Landlord: Regent Properties
- Tenant's Rep: Weldon Martin & Jon Lee - CBRE
- Landlord's Rep: Doug Little, David Baker, Kelli Gault, & Jack Scharnberg - Transwestern
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
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