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4900 Woodway Dr, Houston, T...

Entoro Capital Leases 6270 Square Feet At 4900 Woodway Drive In Houston Texas
LEASEDOffice

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

Diana Bridger

Cushman & Wakefield

Broker

4 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