Brown Sims Leases Office Space In Uptown Houston
1990 Post Oak Boulevard, Houston, Texas 77056, United States
Building Size
35,198 SF
Asset Type
Office
Closing
Sep 27, 2022
AI
A lease transaction was completed for an office property in Uptown Houston. The property, located at 1990 Post Oak Blvd, spans 35,198 square feet. The lease agreement was executed on September 28, 2022.
Summary of transaction details
- Property Type: Office
- Transaction Date: September 28, 2022
- Address: 1990 Post Oak Blvd
- Market: Uptown Houston
- Square Footage: 35,198
The landlord for this lease transaction was Parkway, while the tenant was Brown Sims. Amanda Nebel from Parkway represented the landlord's interests, and Griff Bandy from NAI Partners represented the tenant during the negotiation process.
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