Haynes And Boone Leases 72903 Square Feet From Brookfield Properties At 1221 McKinney St Houston
1221 McKinney St, Houston, TX, 77010
Building Size
72,903 SF
Asset Type
—
Closing
Nov 19, 2023
AI
The property asset involved in this transaction is located at 1221 McKinney St, Houston, TX, 77010. It is situated in the Houston market and has a total area of 72,903 square feet. The landlord for this lease transaction is Brookfield Properties.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 1221 McKinney St, Houston, TX, 77010
- Market: Houston
- Tenant: Haynes and Boone
- Landlord: Brookfield Properties
- Tenant's Representatives: David Bales-Lee & Associates, Diana Bridger-Cushman & Wakefield, Ed Prejean
The key individuals involved in this transaction include Haynes and Boone as the tenant and Brookfield Properties as the landlord. The tenant is represented by David Bales-Lee & Associates, along with Diana Bridger from Cushman & Wakefield and Ed Prejean, who played a role in facilitating the lease agreement.
Players
Houston CRE Market Snapshot
Boundary boundary · CRE · 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