Structure Tone Southwest Leases Office Space At 4550 Post Oak Place Dr, Houston TX
4550 Post Oak Place Dr, Houston, TX...
Building Size
7,600 SF
Asset Type
Office
Closing
Sep 6, 2016
AI
The office property located at 4550 Post Oak Place Dr in Houston, TX has a square footage of 7,600. The lease transaction dated 09/06/2016 involved the Tenant, Structure Tone Southwest, represented by Morgan Relyea of Cushman & Wakefield, and the Landlord, Unilev Management, represented by CBRE's Steve Rocher, Kristen Rabel, and Parker Duffie.
Summary of transation details:
- Property Type: Office
- Transaction Amount: Not specified
- Address: 4550 Post Oak Place Dr, Houston, TX
- Market: Houston
- Tenant's Rep: Morgan Relyea (Cushman & Wakefield), Morgan Relyea Colt (Cushman & Wakefield)
- Landlord's Rep: Kristen Rabel (CBRE), Parker Duffie (CBRE), Steve Rocher (CBRE)
Cushman & Wakefield's Morgan Relyea represented the Tenant, Structure Tone Southwest, in the lease renewal at the Houston office property. CBRE's Kristen Rabel, Parker Duffie, and Steve Rocher acted as the Landlord's representatives from Unilev Management in finalizing the 7,600 square foot lease agreement.
Players
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