facebook

traded

+ Submit
Home

/

Deals

/

Texas

/

Office

/

Lease

/

1840 Dynamic Way

Houston Methodist Leases 75,800 SF Office Space At 1840 Dynamic Way In Houston
LEASEDOffice

Houston Methodist Leases 75,800 SF Office Space At 1840 Dynamic Way In Houston

Building Size

75,800 SF

Asset Type

Office

Closing

Jan 30, 2024

AI

The recently closed lease transaction involved an office space located at 1840 Dynamic Way in Houston. The property spans across 75,800 square feet and is owned by Fred Seigel of Beacon Capital Partners.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Not provided
  • Address: 1840 Dynamic Way
  • Market: Houston
  • Square Footage: 75,800

Marc L. Boom, representing Houston Methodist, secured the lease for this space. Houston Methodist joins Baylor College of Medicine as one of the major tenants at Dynamic One, a 355,000-square-foot building located in Texas Medical Center's Helix Park. This facility is primarily used for biomedical research labs and contributes to the growing life sciences ecosystem in Houston.

Players

Scott Carter

CBRE

Broker

3 deals

Broker

Market Office Market Snapshot

Boundary boundary · Office · Lease transactions

Loading comparables…

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