Entoro Capital Leases 6270 Square Feet At 4900 Woodway Drive In Houston Texas
4900 Woodway Dr, Houston, TX, 77056
Building Size
6,270 SF
Asset Type
Office
Closing
Feb 2, 2018
AI
The property involved in this transaction is Woodway Tower, located at 4900 Woodway Dr, Houston, TX, 77056. The office asset consists of 12 stories and a total of 119,127 square feet. It was constructed in 1979 and was acquired by a private investor in late 2012 after renovation work was completed. The new lease signed by Entoro Capital spans 6,270 square feet, significantly increasing their headquarters space.
Summary of transaction details:
- Property Type: LEASE
- Transaction Amount: Not disclosed
- Address: 4900 Woodway Dr, Houston, TX, 77056
- Market: Houston
- Tenant: Entoro Capital
- Landlord: Private Investor
- Tenant's Representative: Diana Bridger, Cushman & Wakefield
- Landlord's Representatives: Mathew Volz, Stream Realty; Craig McKenna, Stream Realty Partners
Diana Bridger represented Entoro Capital in the lease transaction, facilitating their move to a larger headquarters. Mathew Volz and Craig McKenna represented the landlord in the agreement, supporting the private investor's interests in the deal. This relocation allows Entoro Capital to roll out their expansion plans more effectively.
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