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9949 West Sam Houston Parkw...

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
LEASEDOffice

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

Jack Gaffney

Finial Group

Broker

22 deals

Broker

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