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1735 Hughes Landing Boulevard

Exxon Mobil Corporation Leases Office Space To Skyline Industrial Supply In The Woodlands
LEASEDOffice

Exxon Mobil Corporation Leases Office Space To Skyline Industrial Supply In The Woodlands

1735 Hughes Landing Boulevard

Building Size

14,581 SF

Asset Type

Office

Closing

Jul 23, 2024

AI

The property involved in this transaction is a 14,581-square-foot office suite located at 1735 Hughes Landing Boulevard in The Woodlands, Texas. This asset is part of the office market segment and has been leased to a new tenant.

Summary of transaction details:

The lease was facilitated by Colliers, who assisted Skyline Industrial Supply in selecting this office suite for its U.S. headquarters. The representation included a professional team from both JLL and Colliers, which played crucial roles in the transaction process.

Players

Tom Condon Jr.

Colliers

Broker

24 deals

Broker

Spring 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