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
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.
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