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3505 W Sam Houston Pkwy N

Audubon Engineering Co. Signs Office Lease At 8 West Centre In Houston
LEASEDOffice

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

Reggie Beavan

Newmark

Broker

5 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