Perdomo Distribution Leases Office Space In Katy With Oxford Partners Reps
4245 Clay Business Dr
Building Size
17,250 SF
Asset Type
Office
Closing
Feb 1, 2024
AI
The Office property located at 4245 Clay Business Drive in Katy, spanning 17,250 square feet, was leased in a recent transaction. The landlord, ARK Real Estate Management, secured a lease agreement with the tenant, Perdomo Distribution. The lease was facilitated by brokers Stephen Hazen, Rob Adams, and John Harris from Oxford Partners.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not provided
- Address: 4245 Clay Business Drive
- Market: Katy
- Asset Type: Office
- Square Footage: 17,250
- Landlord: ARK Real Estate Management
- Tenant: Perdomo Distribution
- Brokers: Stephen Hazen, Rob Adams & John Harris - Oxford Partners
The collaboration between the landlord, ARK Real Estate Management, and the tenant, Perdomo Distribution, was facilitated by the skilled brokers Stephen Hazen, Rob Adams, and John Harris from Oxford Partners, showcasing their expertise in the real estate market.
Players
Katy 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