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2020 N Loop W Fwy, Houston,...

Greensheet Media Leases 9,819 SF Office In Houston From Hartman Income REIT Management
LEASEDOffice

Greensheet Media Leases 9,819 SF Office In Houston From Hartman Income REIT Management

2020 N Loop W Fwy, Houston, TX, 770...

Building Size

9,819 SF

Asset Type

Office

Closing

Nov 22, 2023

AI

The office property located at 2020 N Loop West in Houston, TX, spanning 9,819 square feet, was leased by Greensheet Media for a five-year term. The landlord, Hartman Income REIT Management, facilitated the lease transaction.

Summary of transaction details:

Furthermore, the leasing process was handled internally by Rod Hale, Richard Maloof, and Kacie Skeen on behalf of Hartman Income REIT Management. Greensheet Media's decision to lease this office space emphasizes its strategic location and suitability for their business needs.

Players

Richard Maloof

Industry Partners

Broker

$16.9M

vol

8 deals

Broker
HI
Hartman Income REIT Management, IncLandlord

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