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1401 Mckinney Street, Houst...

Dykema Gossett PLLC Leases Office Space At 1401 McKinney Street, Houston
LEASEDOffice

Dykema Gossett PLLC Leases Office Space At 1401 McKinney Street, Houston

1401 Mckinney Street, Houston, Texas 77010, United States

Building Size

5,104 SF

Asset Type

Office

Closing

Apr 10, 2022

AI

1401 McKinney Street in Houston has been leased. The office space spans an area of 5,104 square feet.

Summary of transaction details

  • Property Type: Office
  • Transaction Date: 04/11/2022
  • Address: 1401 McKinney Street
  • Market: Houston
  • Square Footage: 5,104

The tenant for this lease is Dykema Gossett PLLC, represented by Paul Boken. The landlord's representatives are Katy Gragg and Tyler Garrett from Transwestern, while the tenant's representatives are Alex Taghi and Holden Rushing from NAI Partners.

Players

Holden Rushing

NAI Global

Broker

6 deals

Broker

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