The Document Group Leases 7040 Square Feet At 1010 Lamar St Houston From Younan Properties
1010 Lamar St, Houston, TX, 77002
Building Size
7,040 SF
Asset Type
Office
Closing
Apr 25, 2017
About this deal
AI
The property involved in this lease transaction is located at 1010 Lamar St, Houston, TX, 77002. It encompasses a total area of 7,040 square feet within the Houston market.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Tenant: The Document Group
- Landlord: Younan Properties
- Tenant's Representative: Griff Bandy - NAI Capital
- Landlord's Representative: Courtney Buckout - PMRG
This transaction involves the renewal of the lease for The Document Group, represented by Griff Bandy from NAI Capital, while Younan Properties was represented by Courtney Buckout of PMRG in this deal.
On the Map
Office
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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