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
About this deal
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