JERA Americas Leases 29,675 SF Office Space In Houston With Tenant's Rep Newmark
1000 Main Street, Houston, Texas 77002, United States
Building Size
29,675 SF
Asset Type
Office
Closing
Jan 27, 2022
AI
The office property located at 1000 Main Street in Houston has been leased. The property has a total area of 29,675 square feet.
Summary of transaction details
- Property Type: Office
- Transaction Date: 01/28/2022
- Address: 1000 Main Street
- Market: Houston
The landlord for this lease is Union Investment, while JERA Americas is the tenant. The landlord's representatives in the deal are Wade Bowlin and Marti Grizzle from Madison Marquette. The tenant's representatives are Joshua Brown, Mike Fehn, and Scott Lewis from Newmark.
Players
Houston Office Market Snapshot
Boundary boundary · Office · 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