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4920 Westway Park Boulevard

US Med-Equip Leases 34k SF Office Space In Houston's Corporate Centre
LEASEDOffice

US Med-Equip Leases 34k SF Office Space In Houston's Corporate Centre

4920 Westway Park Boulevard

Building Size

34,000 SF

Asset Type

Office

Closing

Dec 7, 2023

AI

US Med-Equip has leased a 34,000-square-foot office space at 4920 Westway Park Blvd. in West Houston. The office space is part of the Corporate Centre development. The deal was facilitated by JLL representing landlord Agellan Commercial REIT and brokers from NAI Global and Transwestern representing US Med-Equip.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: Not mentioned
  • Square Footage: 34,000
  • Address: 4920 Westway Park Boulevard
  • Market: Houston

The landlord in this transaction is Agellan Commercial REIT. US Med-Equip, the tenant, is represented by Greg Salario. The landlord's representatives are Christian Canion and Matt Pruitt from JLL. The tenant is also represented by Cory Sleeth from NAI Global and John Ferruzzo from Transwestern. No additional details about the transaction were provided.

Players

John Ferruzzo

KBC Advisors

Broker

16 deals

Broker
AR
Agellan Commercial REITLandlord

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