1433 West Loop South, Houston, TX

Acquisition Summary
Ownership Interest 100%
Purchase Price (million) US$14.4


Property Statistics
Property Type Office
NLA (sf) 138,000
Occupancy 99.6%
Current Rent (psf pa) US$14.76
Mark Rent (psf pa) US$18.00
WALT (by income) 4.7 years
Class B
Completion Date/Major Refurbishment 1972/1996

Valuation Summary
Valuation (million) US$15.8
Cap Rate 6.75%
Valuer CBRE
 


Major Tenant Profile
Tenant Square Feet % by Area Lease Maturity Years Remaining
US Drug Enforcement Administration 132,995 96.4% May 2012 4.9