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2500 Tanglewilde St, Housto...

ENT Specialist Renews 16K SF At Woodlake Park Office Building In Houston
LEASEDOffice

ENT Specialist Renews 16K SF At Woodlake Park Office Building In Houston

2500 Tanglewilde St, Houston, TX, 77...

Building Size

16,000 SF

Asset Type

Office

Closing

May 9, 2019

AI

The office property at 2500 Tanglewilde St in Houston, TX, spanning 16,000 square feet, was the site of the lease renewal for the ENT Specialist. The tenant renewed their lease at the Woodlake Park Office building, represented by Cushman & Wakefield's Tim Relyea. The landlord, Woodlake Properties, was represented by Terri Torregrossa of Moody Rambin.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Not Applicable
  • Address: 2500 Tanglewilde St, Houston, TX, 77063
  • Market: Houston
  • Tenant's Rep: Tim Relyea(Cushman & Wakefield)
  • Tenant: ENT Specialist
  • Landlord: Woodlake Properties
  • Square Feet: 16000

The lease renewal at the Woodlake Park Office building involved significant players in the transaction. Tim Relyea, from Cushman & Wakefield, worked as the tenant's representative, while Terri Torregrossa of Moody Rambin represented Woodlake Properties. The cooperation of these professionals ensured the successful continuation of business operations for the ENT Specialist in Houston.

Players

Tim Relyea

Cushman & Wakefield

Broker

6 deals

Broker

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