White Fleet Abandonment Leases Office Space At 2107 Research Forest Drive In The Woodlands
2107 Research Forest Drive
Building Size
25 SF
Asset Type
Office
Closing
Mar 9, 2023
AI
The property involved in this transaction is an office space located at 2107 Research Forest Drive in The Woodlands. The property spans approximately 25,810 square feet.
Summary of transation details
- Property Type: Office
- Transaction Date: 03/09/2023
- Market: The Woodlands
- Address: 2107 Research Forest Drive
- Lease: Yes
- Image: Josh Cheatham
- SF: 25,810
The landlord in this transaction is The Howard Hughes Corp, while White Fleet Abandonment is the tenant. The landlord is represented by Robert Parsley, Norman Munoz, and Jillian Fredericks of Colliers. On the other hand, Josh Cheatham from Newcor Commercial Real Estate represents the tenant.
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