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14950 Heathrow Forest Parkway

John Hornbuckle Represents ABM Insurance In 6,874 SF Office Lease In Houston
LEASEDOffice

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

John Hornbuckle

Cypressbrook

Broker

7 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