John Zivley Of Partners Represents Tenant In Lease At 1010 Lamar St Houston TX
1010 Lamar St, Houston, TX, 77002
Building Size
3,525 SF
Asset Type
Office
Closing
Nov 20, 2023
AI
The property involved in the transaction is an office space located at 1010 Lamar St, Houston, TX, 77002. The office lease spans a total area of 3,525 square feet and is situated in the Houston market.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 1010 Lamar St, Houston, TX, 77002
- Square Feet: 3,525
- Tenant: McMillan Law Firm
- Tenant's Representative: John Zivley - NAI Partners
- Landlord: Unknown
In this transaction, NAI Partners played a crucial role, with John Zivley representing the tenant, McMillan Law Firm, showcasing the firm's commitment to securing office space in a pivotal location within Houston.
Players
Houston Office Market Snapshot
Boundary boundary · Office · Lease transactions
Loading comparables…
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