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:
- Property Type: Office
- Transaction Amount: Not specified
- Address: 1735 Hughes Landing Boulevard
- Market: The Woodlands
- Landlord: Exxon Mobil Corporation
- Tenant: Skyline Industrial Supply
- Landlord's Representative: Lonna Jenks, Beau Bellow & Ronnie Deyo - JLL
- Tenant's Representative: Jillian Fredericks, Michael Wu, Norman Munoz, Tom Condon Jr. & Nic Fang - Colliers
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
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