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
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