R.G. Miller | DCCM Leases 28,791 SF Office Space In Houston From Broadshore Capital Partners
1080 North Eldridge Parkway
Building Size
28,791 SF
Asset Type
Office
Closing
Mar 25, 2024
AI
The leased property at 1080 North Eldridge Parkway in Houston is an office space spanning 28,791 square feet. This relocation deal involved the civil engineering firm R.G. Miller | DCCM and was facilitated by Avison Young and Stream Realty Partners.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Address: 1080 North Eldridge Parkway
- Market: Houston
- Landlord: Broadshore Capital Partners
- Tenant: R.G. Miller | DCCM
Brad Fricks and Matthew Asvestas represented the landlord, Broadshore Capital Partners, in this lease agreement. On the other side, Anthony Squillante and Drew Coupe from Avison Young worked as the tenant's representatives, ensuring the smooth transition of R.G. Miller | DCCM from Park Ten Place to their new location at Eldridge Oaks in West Houston.
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