SPB Hospitality Signs Lease For Office Space In Houston's Katy Freeway With Landlord KBS - Gio Cordoves
19219 Katy Freeway, Houston, Texas 77094, United States
Building Size
42,290 SF
Asset Type
Office
Closing
Mar 21, 2022
AI
SPB Hospitality has signed a lease for an office space located at 19219 Katy Freeway in Houston. The property has a total square footage of 42,290 and is owned by KBS, represented by Gio Cordoves. The tenant was represented by Jon Silberman and Pierce Beyer from NAI Partners. The lease transaction was facilitated by Brad Fricks from Stream Realty Partners.
Summary of transaction details
- Property Type: Office
- Transaction Amount: Not available
- Address: 19219 Katy Freeway
- Market: Houston
- Landlord: KBS
- Tenant: SPB Hospitality
- Landlord's Representative: Brad Fricks - Stream Realty Partners
- Tenant's Representatives: Jon Silberman & Pierce Beyer - NAI Partners
Brad Fricks, an agent from Stream Realty Partners, represented the landlord, KBS, in the lease transaction. Jon Silberman and Pierce Beyer from NAI Partners acted as the tenant's representatives. The deal was executed on March 22, 2022.
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