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400 N Sam Houston Pkwy E, H...

Ultra-Resources Renews 19,800 SF Office Space In Houston With Richard Maloof Representing Landlord
LEASEDOffice

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

Richard Maloof

Industry Partners

Broker

$16.9M

vol

8 deals

Broker
HI
Hartman Income REIT Management, IncLandlord

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