Vard Marine Inc Leases 6,694 SF Office Space In Houston Energy Corridor With Jack Russo & D.J. Hale
1311 Broadfield Blvd Houston, TX 77084, USA
Building Size
6,694 SF
Asset Type
Office
Closing
Aug 9, 2023
AI
Vard Marine Inc has leased a 6,694-square-foot office space located at 1311 Broadfield Blvd in Houston's Energy Corridor. The property, totaling 155,407 square feet, is situated in a prime location within Houston's market.
Summary of transaction details
- Property Type: Office
- Square Footage: 6,694
- Address: 1311 Broadfield Blvd
- Market: Houston
The lease deal was facilitated by JLL's Jack Russo, who represented the landlord in the transaction. On the other side, Oxford Partners' D.J. Hale acted as the tenant's representative, negotiating on behalf of Vard Marine Inc. Their expertise in the Houston market was instrumental in completing the successful lease agreement.
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