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1221 McKinney St, Houston, ...

Haynes And Boone Leases 72903 Square Feet From Brookfield Properties At 1221 McKinney St Houston
LEASED

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:

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

Diana Bridger

Cushman & Wakefield

Broker

4 deals

Broker
JLL
JLLBrokerage

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