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1200 Smith Street, Houston,...

The Chamberlain Hrdlicka Leases Office Space At 1200 Smith Street In Houston With Tenant's Rep Tim Relyea, David Guion & David Endelman - Cushman & Wakefield
LEASEDOffice

The Chamberlain Hrdlicka Leases Office Space At 1200 Smith Street In Houston With Tenant's Rep Tim Relyea, David Guion & David Endelman - Cushman & Wakefield

1200 Smith Street, Houston, Texas 77002, United States

Building Size

55,178 SF

Asset Type

Office

Closing

Nov 30, 2022

AI

The Chamberlain Hrdlicka has signed a lease for an office space located at 1200 Smith Street in Houston. The property spans a total area of 55,178 square feet. The lease agreement was finalized on November 30, 2022.

Summary of transaction details

The lease was facilitated by the landlord's representatives, Bubba Harkins, Russell Hodges, and Jessica Ochoa, from CBRE. On the tenant's side, the deal was negotiated by Tim Relyea, David Guion, and David Endelman from Cushman & Wakefield.

Players

Tim Relyea

Cushman & Wakefield

Broker

6 deals

Broker
Brookfield Properties
Brookfield PropertiesBrokerage

Travis Overall

Landlord

3 deals

Landlord

John Meredith

Tenant

2 deals

Tenant

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