Cornerstone Home Lending Leases 64022 Square Feet At 1177 W Loop S Houston TX With Spire Realty Group
1177 W Loop S, Houston, TX, 77027
Building Size
64,022 SF
Asset Type
Office
Closing
Nov 19, 2023
About this deal
AI
1177 W Loop S, located in Houston, TX 77027, was leased with a total area of 64,022 square feet. The transaction occurred in the Houston market.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not disclosed
- Address: 1177 W Loop S, Houston, TX, 77027
- Market: Houston
- Tenant: Cornerstone Home Lending
- Landlord: Spire Realty Group
- Tenant's Rep: Edward Edson, Greg Cizik - Colliers International
The lease transaction involved Cornerstone Home Lending as the tenant, while Spire Realty Group acted as the landlord. Colliers International represented the tenant through brokers Edward Edson and Greg Cizik in this agreement.
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