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801 Louisiana St, Houston, ...

Updated Oct 29, 2024

RCP Inc Renews Lease At 801 Louisiana St, Houston With Landlord's Rep Trey Miller
LEASED

RCP Inc Renews Lease At 801 Louisiana St, Houston With Landlord's Rep Trey Miller

801 Louisiana St, Houston, TX, 77002

Building Size

12,250 SF

Asset Type

—

Closing

Nov 22, 2023

About this deal

AI

The lease transaction involved the property at 801 Louisiana St, Houston, TX, 77002, comprising 12,250 square feet of office space. The Landlord's representative, Trey Miller from Boxer Property, facilitated the lease for the tenant, RCP Inc, while Avison Young's principal Anthony Squillante and VP Josh Morrow represented RCP Inc. The transaction took place within the Houston market.

Summary of transaction details:

  • Property Type: Lease
  • Transaction Amount: Not Applicable
  • Tenants: RCP Inc
  • Landlord: 801 Louisiana Partners, L.P
  • Square Feet: 12,250
  • Landlord's Rep: Trey Miller(Boxer Property)

Avison Young's team, led by Anthony Squillante, played a pivotal role in assisting RCP Inc with extending their lease at 801 Louisiana for a longer duration. The relationship between the tenant and the property is further reinforced with this renewed commitment, highlighting the satisfaction RCP Inc has experienced over the past decade within this location.

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Players

Trey Miller

Broker

2 deals

Broker
8L
801 Louisiana Partners, L.P.Landlord
RI
RCP Inc.Tenant
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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

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