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400 N Sam Houston Pkwy E, H...

Updated Oct 29, 2024

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

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

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

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