Aspen Technology Signs Lease For 80,000 SF Office Space On Houston's CityWest Blvd
2500 CityWest Boulevard, Houston, TX 77042, USA
Building Size
80,000 SF
Asset Type
Office
Closing
Jul 29, 2020
About this deal
AI
Aspen Technology has signed a lease agreement for an office space located at 2500 CityWest Blvd in Houston. The property, spanning approximately 80,000 square feet, is part of the office asset category. The lease transaction was finalized on July 29, 2021.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: N/A
- Address: 2500 CityWest Blvd
- Market: Houston
- Tenant: Aspen Technology
The lease deal was facilitated by the following brokers: Win Haggard Jr. and Vince Strake from Cushman & Wakefield, and Dennis Tarro from Patrinely Group.
On the Map
Office
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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