facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

Texas

/

Office

/

Lease

/

4245 Clay Business Dr

Perdomo Distribution Leases Office Space In Katy With Oxford Partners Reps
LEASEDOffice

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

Stephen Hazen

Oxford Partners

Broker

7 deals

Broker

Katy Office Market Snapshot

Boundary boundary · Office · Lease transactions

Loading comparables…

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