Corgan Leases 5,000-SF Office At Frost Tower, San Antonio With CBRE Brokers
111 West Houston Street
Building Size
—
Asset Type
Office
Closing
Apr 2, 2024
About this deal
AI
An office lease transaction took place at 111 West Houston Street in San Antonio. The lease involved the relocation of architecture firm Corgan to Frost Tower, signing a 5,000-square-foot office lease after 25 years at their previous location.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Landlord: Randy Smith - Weston Urban
- Tenant: Scott Ruch - Corgan
- Brokers: Christi Griggs, David Ballard & Parker LaBarge - CBRE
The deal was brokered by David Ballard and Parker LaBarge of CBRE representing Corgan, and Christi Griggs of CBRE representing the landlord, Weston Urban.
On the Map
Office
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Players
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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