W-Industries Leases 15,085 SF Office Space In Houston With Landlord's Reps Andrew Bischoff & Jack Gaffney And Broker Representation From Jordan Trout & Wes Williams
9949 West Sam Houston Parkway North
Building Size
15,085 SF
Asset Type
Office
Closing
Dec 8, 2023
AI
The office property located at 9949 West Sam Houston Parkway North in Houston has recently been leased. The property spans a total of 15,085 square feet and was leased to W-Industries.
Summary of transation details
- Property Type: Office
- Transaction Amount: Not available
- Address: 9949 West Sam Houston Parkway North, Houston
- Market: Houston
- Tenant: W-Industries - Donnie Smith
- Landlord's Rep: Andrew Bischoff & Jack Gaffney - Finial Group
- Brokers: Jordan Trout & Wes Williams - Colliers
The lease transaction was facilitated with the assistance of Jordan Trout and Wes Williams from Colliers, who represented the tenant, W-Industries. Andrew Bischoff and Jack Gaffney from Finial Group acted as the landlord's representatives.
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