Sidra Real Estate Inc. Leases 492,378 SF Office Space On Woodway Drive In Houston
20 Woodway Drive, Houston, TX, USA
Building Size
492,378 SF
Asset Type
Office
Closing
Aug 2, 2020
AI
Located in Woodway Drive, Houston, the property involved in this closed lease transaction is an office building situated at 2 Riverway & 4900 Woodway. The transaction took place on 08/03/2020 and the asset spans a total of 492,378 square feet.
Summary of transaction details
- Property Type: Office
- Tenant: Sidra Real Estate Inc.
- Square footage: 492,378 SF
- Brokers: Louann Pereira, Doug Little, & Matthew Seliger - Transwestern Real Estate Services
Louann Pereira, Doug Little, & Matthew Seliger from Transwestern Real Estate Services were the brokers representing all parties involved in this lease deal.
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