Shell Oil Co. Leases 259,000 SF Office Space In Houston's 1000 Main St With Landlord's Rep Wade Bowlin - Madison Marquette
1000 Main St, Houston, TX, USA
Building Size
259,000 SF
Asset Type
Office
Closing
Nov 3, 2021
AI
An office building located at 1000 Main St in Houston has been leased. The property spans approximately 259,000 square feet and is owned by Union Investment.
Summary of transaction details
- Property Type: Office
- Transaction Date: November 3, 2021
- Address: 1000 Main St, Houston
- Market: Houston
- Tenant: Shell Oil Co.
- Landlord: Union Investment
The leasing transaction was facilitated by Wade Bowlin from Madison Marquette representing the landlord, Union Investment. On behalf of the tenant, Shell Oil Co., Tim Relyea and Joseph Peddie from Cushman & Wakefield represented the tenant in the deal.
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