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
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