LEASEDOffice
Smartbridge Leases 10000 Square Feet At 2000 W Sam Houston Pkwy S With Tier REIT
2000 W Sam Houston Pkwy S, Housto...
Building Size
10,000 SF
Asset Type
Office
Closing
Jan 10, 2017
AI
Smartbridge has signed a new office lease for a space measuring 10,000 square feet located at One Briarlake Plaza, 2000 West Sam Houston Parkway, situated in the Katy market.
Summary of transaction details:
- Property Type: Office Lease
- Transaction Amount: Not Specified
- Square Feet: 10,000
- Address: 2000 W Sam Houston Pkwy S, Houston
- Market: Katy
- Tenant: Smartbridge
- Landlord: Tier REIT
- Tenant's Representative: Collin Grimes-CBRE
- Landlord's Representatives: John Pruitt-JLL, Jessica Ochoa-JLL
This transaction involves Smartbridge occupying the new lease with representation by Collin Grimes from CBRE, while Tier REIT is represented by John Pruitt and Jessica Ochoa from JLL.
Players
Katy Office Market Snapshot
Boundary boundary · Office · Lease transactions
Loading comparables…
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