PulteGroup Leases 20978 Square Feet From Lexington Realty Trust At 1311 Broadfield Blvd Houston
1311 Broadfield BLVD, Houston, TX, 7...
Building Size
20,978 SF
Asset Type
—
Closing
Nov 19, 2023
About this deal
AI
The property involved in the lease transaction is located at 1311 Broadfield BLVD, Houston, TX. This asset covers a total area of 20,978 square feet and is situated within the Houston market.
Summary of transation details:
- Property Type: Lease
- Transaction Amount: Not disclosed
- Address: 1311 Broadfield BLVD, Houston, TX
- Square Feet: 20,978
- Tenant: PulteGroup
- Landlord: Lexington Realty Trust
- Tenant's Representative: Doug Elliott-CBRE
- Landlord's Representatives: Chrissy Wilson-JLL, John Pruitt-JLL
This transaction features notable participation from key representatives in the commercial real estate sector, with Doug Elliott from CBRE representing PulteGroup and Chrissy Wilson along with John Pruitt from JLL representing Lexington Realty Trust in this lease deal.
On the Map
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