Pate Taraborelli Partners Renews 5,100 SF Office Lease In Houston
616 Fm 1960, Houston, TX, 77090
Building Size
5,100 SF
Asset Type
Office
Closing
Dec 20, 2016
AI
The property asset involved in this transaction is an office space located at 616 FM 1960, Houston, TX, 77090. The total square footage of the office space is 5,100 square feet. The market for this asset is Houston. The landlord of this property is Hartman Income REIT Management.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Address: 616 FM 1960, Houston, TX, 77090
- Square Feet: 5,100
- Market: Houston
- Landlord's Representative: Richard Maloof-Industry Partners
- Landlord: Hartman Income REIT Management
Pate Taraborelli Partners renewed their lease for office space at the mentioned address for a duration of three years. Richard Maloof represented the landlord in this transaction, ensuring a smooth process for both parties involved.
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