Crossmark Global Investments Leases 16000 Square Feet At 15375 Memorial Dr Houston From Skanska
15375 Memorial Dr, Houston, TX, 77079
Building Size
16,000 SF
Asset Type
Office
Closing
Nov 19, 2023
AI
The property asset involved in this transaction is a leased space located at 15375 Memorial Dr, Houston, TX, 77079. The space encompasses 16,000 square feet within the Houston market.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not disclosed
- Square Feet: 16,000
- Address: 15375 Memorial Dr, Houston, TX, 77079
- Market: Houston
- Tenant: Crossmark Global Investments
- Landlord: Skanska
- Tenant's Representative: Kevin Saxe - CBRE
- Landlord's Representative: Henry (Bubba) Harkins - CBRE
This transaction involved notable representatives from both the tenant and landlord sides, with Kevin Saxe acting on behalf of Crossmark Global Investments and Henry (Bubba) Harkins representing Skanska in the leasing 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