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
- Property Type: Office
- Transaction Amount: Not available
- Address: 1200 Smith Street
- Market: Houston
- Landlord: Brookfield Properties
- Tenant: The Chamberlain Hrdlicka
- Landlord's Representative: Bubba Harkins, Russell Hodges & Jessica Ochoa - CBRE
- Tenant's Representative: Tim Relyea, David Guion & David Endelman - Cushman & Wakefield
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
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