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
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