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1100 Louisiana Street

Frost Brown Todd Leases 23,537 Square Feet At 1100 Louisiana Street From Enterprise Products Partners
LEASEDOffice

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

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:

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.

Players

Diana Bridger

Cushman & Wakefield

Broker

4 deals

Broker

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