Ultra-Resources Renews 19,800 SF Office Space In Houston With Richard Maloof Representing Landlord
400 N Sam Houston Pkwy E, Houston...
Building Size
19,800 SF
Asset Type
Office
Closing
Dec 20, 2016
About this deal
AI
The property at 400 North Sam Houston Parkway E, in Houston, has a total of 19,800 square feet of office space. This asset was renewed by Ultra-Resources for a five-year lease term. Richard Maloof represented the landlord, Hartman Income REIT Management, in this transaction.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not provided
- Address: 400 N Sam Houston Pkwy E, Houston
- Market: Houston
- Landlord's Rep: Richard Maloof (Industry Partners)
- Landlord: Hartman Income REIT Management
- Square Feet: 19,800
Ultra-Resources, in renewing the lease for the office space at 400 North Sam Houston Parkway E, collaborated with Richard Maloof, who adeptly represented the landlord, Hartman Income REIT Management. This renewal indicates a continued positive relationship between both parties in the realm of office real estate leasing transactions.
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