John Hornbuckle Represents ABM Insurance In 6,874 SF Office Lease In Houston
14950 Heathrow Forest Parkway
Building Size
6,874 SF
Asset Type
Office
Closing
Mar 8, 2024
AI
The office property located at 14950 Heathrow Forest Parkway in Houston, spanning 6,874 square feet, was the subject of a lease transaction. The deal involved ABM Insurance & Benefit Services as the tenant and was facilitated by John Hornbuckle of Cypressbrook representing the tenant, and Valere Costello of Brummett & Co representing the landlord.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not provided
- Address: 14950 Heathrow Forest Parkway
- Market: Houston
- Tenant: Mike Alexander Jr. - ABM Insurance & Benefit Services
- Landlord's Rep: Valere Costello - Brummett & Co
- Tenant's Rep: John Hornbuckle - Cypressbrook
Cypressbrook Co. brokered the 6,874-square-foot office lease at The Meadows at Interwood for ABM Insurance & Benefit Services in North Houston. John Hornbuckle from Cypressbrook and Valere Costello from Brummett & Co played crucial roles representing the tenant and landlord, respectively, in the transaction.
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