Helios Digital Packaging Leases 16k SF Office Space In Houston Transaction
9777 W Gulf Bank Rd, Houston, TX, 7...
Building Size
16,000 SF
Asset Type
Office
Closing
Aug 23, 2016
AI
The property at 9777 West Gulf Bank Rd, Houston, TX, comprises an office/warehouse space totaling 16,000 square feet. Helios Digital Packaging, the tenant, has recently leased this space in a transaction brokered by Stephen Kuper and Preston Yaggi from Lee & Associates. The landlord, FCA, was represented by Colliers' Walter Menuet and Judd Harrison.
Summary of transation details:
- Property Type: Office
- Transaction Amount: Not specified
- Tenant: Helios Digital Packaging
- Tenant's Rep: Preston Yaggi(Lee & Associates), Stephen Kuper(Lee & Associates)
- Landlord: FCA
- Square Feet: 16000
Armadillo Photo Supply Inc also leased space at 9777 West Gulf Bank, taking up 9,700 square feet. They were represented by Donald Fincher of TruCore Commercial in the transaction. This lease, alongside Helios Digital Packaging's deal, contributes to the vibrant activity in the office/warehouse market in Houston.
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