Audubon Engineering Co. Signs Office Lease At 8 West Centre In Houston
3505 W Sam Houston Pkwy N
Building Size
71,879 SF
Asset Type
Office
Closing
Oct 25, 2023
AI
Audubon Engineering Co. has signed a 71,879-square-foot office lease at 8 West Centre, a Class A office building located at 3505 West Sam Houston Parkway North in Houston. The lease transaction was finalized on October 25, 2023. The office space will serve as Audubon Engineering Co.'s primary corporate office.
Summary of transaction details
- Property Type: Office
- Transaction Amount: Not available
- Square Footage: 71,879
- Address: 3505 West Sam Houston Parkway North
- Market: Houston
The landlord of the property is Azrieli Group, represented by Eyal Henkin. The tenant, Audubon Engineering Co., was represented by Audrey Selber, Joshua Brown, and Reggie Beavan of Newmark. Meanwhile, Bubba Harkins and Russell Hodges of CBRE acted as the landlord's representatives in the deal.
Note: The lease agreement was facilitated by CBRE, representing the landlord, and Newmark, representing the tenant.
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