FCA Leases 54891 Square Feet To Tenant Represented By Jon Silberman In Houston
2600 N Loop W, Houston, TX, 77092
Building Size
54,891 SF
Asset Type
Office
Closing
Nov 20, 2023
AI
The property involved in this transaction is located at 2600 N Loop W, Houston, TX, 77092, within the Houston market. The total square footage of the office space is 54,891 square feet, with FCA serving as the landlord.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not disclosed
- Address: 2600 N Loop W, Houston, TX, 77092
- Market: Houston
- Square Feet: 54,891
- Tenant: PFS Group LLC
- Tenant's Representative: Jon Silberman - NAI Capital
- Landlord: FCA
NAI Partners facilitated the lease renewal for the tenant, PFS Group LLC, which specializes in accounts receivables solutions and programs. Jon Silberman, acting on behalf of NAI Partners, played a key role in the lease negotiations.
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