Bowen, Miclette & Britt Insurance Agency Leases Office Space At 2800 N. Loop West, Houston
2800 North Loop West, Houston, TX 77092
Building Size
35,926 SF
Asset Type
Office
Closing
Aug 7, 2021
AI
The office property located at 2800 N. Loop West in Houston has recently been leased. The property spans approximately 35,926 square feet.
Summary of Transaction Details
- Property Type: Office
- Transaction Date: 08/07/2021
- Address: 2800 N. Loop West
- Market: Houston
- Tenant: Bowen, Miclette & Britt Insurance Agency
- Landlord: Hertz Investment Group
The tenant in this transaction is Bowen, Miclette & Britt Insurance Agency. They were represented by Jon Silberman from NAI Partners. The landlord, Hertz Investment Group, was represented by Brian Strait from Lincoln Property.
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