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1311 Broadfield BLVD, Houst...

PulteGroup Leases 20978 Square Feet From Lexington Realty Trust At 1311 Broadfield Blvd Houston
LEASED

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

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.

Players

Chrissy Wilson

JLL

Broker

4 deals

Broker
LT
Lexington Realty TrustLandlord
P
PulteGroupTenant

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