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4424 West Sam Houston Parkw...

Cobb, Fendley & Associates Leases 52,120-SF Office Space At Westway II, Houston
LEASEDOffice

Cobb, Fendley & Associates Leases 52,120-SF Office Space At Westway II, Houston

4424 West Sam Houston Parkway North

Building Size

52,120 SF

Asset Type

Office

Closing

Dec 6, 2023

AI

A Texas consulting firm, Cobb, Fendley & Associates, has signed a 10-year lease for a 52,120-square-foot office space at Westway II, located near Houston's Energy Corridor. The office space was leased through negotiations with CBRE. The property is situated at 4424 West Sam Houston Parkway North in Houston.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Not specified
  • Square Footage: 52,120 SF
  • Address: 4424 West Sam Houston Parkway North
  • Market: Houston

Cobb, Fendley & Associates was represented by their associate, Monica Silver. Chip Colvill of Cushman & Wakefield acted as the representative for the landlord. The tenant's representation was provided by Abby Gustus Alford and Lucian Bukowski of CBRE. Kirksey was responsible for designing the space, while Arch-Con Corp. managed the build-out.

Players

Lucian Bukowski

CBRE

Broker

7 deals

Broker

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