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:
- Property Type: Office
- Transaction Amount: Not specified
- Address: 9950 Woodloch Forest Drive
- Market: The Woodlands
- Landlord: New York Digital Investment Group LLC
- Tenant: Kodiak Gas Services
- Landlord's Representative: Sydnee Hilburn & William Padon - CBRE
- Tenant's Representative: Brent Bishop & Dan Boyles - Partners Real Estate
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
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