Frost Brown Todd Leases 23,537 Square Feet At 1100 Louisiana Street From Enterprise Products Partners
1100 Louisiana Street
Building Size
23,537 SF
Asset Type
Office
Closing
Sep 10, 2024
About this deal
AI
The property asset involved in the transaction is located at 1100 Louisiana Street, Houston. The asset is an office space encompassing a total of 23,537 square feet. The property is owned by Enterprise Products Partners and features recent renovations, including a large LED wall and various amenities. This Class A office tower spans 1.3 million square feet.
Summary of transation details:
- Property Type: Office
- Transaction Amount: Not specified
- Location: 1100 Louisiana Street, Houston
- Square Footage: 23,537
- Landlord: Enterprise Products Partners
- Tenant: Frost Brown Todd
- Landlord's Representative: Diana Bridger & Winfield Haggard Jr. - Cushman & Wakefield
- Tenant's Representative: Claire Douthit, Jon Lee & Paul Tingley - CBRE
Frost Brown Todd has leased the entire 43rd floor of the office tower, relocating from 4400 Post Oak Parkway. The lease was facilitated by Cushman & Wakefield and CBRE, highlighting the involvement of these brokerage firms in the transaction.
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