BW Energy Leases 68,000 SF Office Space At 9753 Katy Freeway In Houston With Tenant's Rep Griff Bandy - NAI Partners
9753 Katy Freeway, Houston, Texas 77024, United States
Building Size
68,000 SF
Asset Type
Office
Closing
Sep 22, 2022
AI
An office space located at 9753 Katy Freeway in Houston has been leased. The property spans a total of 68,000 square feet. The lease agreement was signed on September 23, 2022.
Summary of transaction details
- Property Type: Office
- Transaction Date: 09/23/2022
- Address: 9753 Katy Freeway, Houston
- Square Footage: 68,000
The landlord for this property is MetroNational, while the tenant is BW Energy. Brad MacDougall and Warren Alexander represented the landlord in the deal. Griff Bandy from NAI Partners acted as the tenant's representative.
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