Royston, Rayzor, Vickery & Williams Sign 11,611-SF Office Lease At 1415 Louisiana St
1415 Louisiana St, Houston, TX 77002, USA
Building Size
11,611 SF
Asset Type
Office
Closing
Aug 15, 2023
AI
A law firm, Royston, Rayzor, Vickery & Williams, has signed an 11,611-square-foot office lease at 1415 Louisiana St. in downtown Houston. The office is located in a 43-story building that offers amenities such as a fitness center and dining options.
Summary of transaction details
- Property Type: Office
- Transaction Amount: Not mentioned
- Square Footage: 11,611
- Address: 1415 Louisiana Street, Houston
- Market: Houston
The landlord, Wedge Commercial Properties, facilitated the lease agreement with Royston, Rayzor, Vickery & Williams as the tenant. The tenant's representatives in the deal were Griff Bandy and John Zivley from partners-real-estate'>partners-real-estate'>Partners Real Estate. Connor Saxe from Cushman & Wakefield represented the landlord.
Players
Vallejo 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