Origin Bank Leases 22,000 SF Office Space At 9805 Katy Freeway, Houston With Tenant's Rep Louis Rosenthal & John Burke - JLL
9805 Katy Freeway
Building Size
22,000 SF
Asset Type
Office
Closing
Dec 15, 2022
About this deal
AI
Located at 9805 Katy Freeway in Houston, this 22,000 square foot office space has recently been leased. The transaction took place on December 15, 2022, between the tenant, Origin Bank, and the landlord, MetroNational. The lease was facilitated by Louis Rosenthal and John Burke from JLL, who represented the tenant, and Brad McDougall and Warren Alexander from MetroNational, who acted as the landlord's representatives.
Summary of transaction details
- Property Type: Office
- Transaction Amount: Not Provided
- Tenant: Origin Bank
- Landlord's Rep: Brad McDougall & Warren Alexander - MetroNational
- Tenant's Rep: Louis Rosenthal & John Burke - JLL
This lease transaction at 9805 Katy Freeway in Houston involved Origin Bank as the tenant. Louis Rosenthal and John Burke from JLL represented Origin Bank in the deal, while Brad McDougall and Warren Alexander from MetroNational acted as the landlord's representatives. This lease signifies a successful collaboration between the two parties, providing Origin Bank with a well-suited office space in Houston.
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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