BI Inc Leases 7200 Square Feet At 6401 Southwest Fwy Houston With Chris Nash As Tenant's Rep
6401 Southwest Fwy, Houston, TX, 77...
Building Size
7,200 SF
Asset Type
Office
Closing
Aug 8, 2017
AI
6401 Southwest Freeway is a leased property located in Houston, Texas, encompassing a total of 7,200 square feet. The transaction involved BI Inc as the tenant, while FCA served as the landlord.
Summary of transation details:
- Property Type: LEASE
- Transaction Amount: Not specified
- Address: 6401 Southwest Fwy, Houston, TX
- Market: Houston
- Tenant: BI Inc
- Landlord: FCA
- Square Feet: 7200
- Tenant's Representative: Chris Nash - Lee & Associates
- Landlord's Representative: Tara Oliver - Blue Ocean Property Management
The deal involved key representatives: Chris Nash of Lee & Associates acted on behalf of BI Inc, while Tara Oliver of Blue Ocean Property Management represented FCA in the transaction. This collaboration facilitated the successful leasing of the property.
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