Colliers Facilitates 4,520 SF NNN Lease Of Class A Office Space In Houston
1885 Saint James Place
Building Size
4,520 SF
Asset Type
Office
Closing
Oct 10, 2023
AI
A 4,520-square-foot NNN lease of Class A office space has been facilitated by Colliers at 1885 Saint James Place in Houston, Texas. The property, located at 1885 Saint James Place, offers modern office space in the Houston market.
Summary of transaction details
- Property Type: Office
- Square Footage: 4,520
- Address: 1885 Saint James Place
- Market: Houston
Chrissy Wilson and Jack Russo of JLL represented the landlord, Saint James Place Partners, in this lease transaction. Ray Lopez of Colliers acted as the tenant's representative for HWCG, the tenant. The deal was successfully completed with the expertise and negotiation skills of both parties.
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