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616 Fm 1960, Houston, TX, 7...

Pate Taraborelli Partners Renews 5,100 SF Office Lease In Houston
LEASEDOffice

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

Richard Maloof

Industry Partners

Broker

$16.9M

vol

8 deals

Broker
HI
Hartman Income REIT Management, IncLandlord

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