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19219 Katy Freeway, Houston...

SPB Hospitality Signs Lease For Office Space In Houston's Katy Freeway With Landlord KBS - Gio Cordoves
LEASEDOffice

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

Jon Silberman

Partners Real Estate

Broker

12 deals

Broker

Gio Cordoves

KBS

Landlord

$66M

vol

2 deals

Landlord

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