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9950 Woodloch Forest Drive

Kodiak Gas Services Leases 26,530 Square Feet Office Space At 9950 Woodloch Forest Drive
LEASEDOffice

Kodiak Gas Services Leases 26,530 Square Feet Office Space At 9950 Woodloch Forest Drive

9950 Woodloch Forest Drive

Building Size

26,530 SF

Asset Type

Office

Closing

Nov 6, 2024

AI

The property involved in this lease transaction is an office space located at 9950 Woodloch Forest Drive in The Woodlands. The total square footage of the leased office space is 26,530, which includes floors 18 through 20 of the building. The property is under the ownership of New York Digital Investment Group LLC.

Summary of transaction details:

Kodiak Gas Services engaged in a sublease for the office space occupied. The representatives for the tenant in this transaction were Brent Bishop and Dan Boyles from Partners Real Estate. The landlord's representatives were Sydnee Hilburn and William Padon from CBRE. This collaboration highlights the involvement of experienced firms in managing the lease agreement.

Players

William Padon

CBRE

Broker

10 deals

Broker

Spring 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