Aspen Technology Inc Leases 79867 Square Feet At 2500 Citywest Blvd Houston From USAA Real Estate
2500 Citywest BLVD, Houston, TX, 77...
Building Size
79,867 SF
Asset Type
Office
Closing
Nov 19, 2023
About this deal
AI
The property involved in this transaction is located at 2500 CityWest Blvd, Houston, TX. This asset is a rented office space covering 79,867 square feet. The market for this property is Houston, and the landlord in this lease renewal is USAA Real Estate.
Summary of transaction details:
- Property Type: Office Lease
- Transaction Amount: Not disclosed
- Address: 2500 Citywest Blvd, Houston, TX
- Square Feet: 79,867
- Landlord: USAA Real Estate
- Tenant: Aspen Technology Inc
- Landlord's Representative: Dennis Tarro
- Brokerage Firms Involved: Cushman & Wakefield
- Additional Representatives: Win Haggard Jr. and Vince Strake
This lease renewal involved Aspen Technology Inc., a metro Boston-based software developer, as the tenant. The specific representative of the tenant was not disclosed. The negotiations for the lease were supported by Dennis Tarro from Patrinely Group, who owns the property in partnership with USAA Real Estate, together with the brokerage team from Cushman & Wakefield.
On the Map
Office
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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