Abbott & Associates Renews Lease At 12600 North Featherwood Drive In Houston
12600 North Featherwood Drive
Building Size
4,848 SF
Asset Type
Office
Closing
Mar 8, 2024
AI
The property involved in the transaction is a 4,848-square-foot office space located at 12600 North Featherwood Drive in Houston. The building was constructed in 1987 and has a total size of 75,166 square feet.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Tenant: Abbott & Associates
- Landlord's Rep: Ryan Clark - The Mission Cos.
- Tenant's Rep: Ryan Hartsell - Oxford Partners
The lease renewal for the office space at 12600 N. Featherwood Drive in Houston was negotiated by Ryan Hartsell from Oxford Partners representing Abbott & Associates and Ryan Clark from The Mission Cos. representing the landlord.
Players
Houston Office Market Snapshot
Boundary boundary · Office · Lease transactions
Loading comparables…
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