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2107 Research Forest Drive

White Fleet Abandonment Leases Office Space At 2107 Research Forest Drive In The Woodlands
LEASEDOffice

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

Robert Parsley

Colliers

Broker

$30K

vol

10 deals

Broker

Howard Hughes

Howard Hughes Corporation

Landlord

$234M

vol

6 deals

Landlord
Howard Hughes Corporation
Howard Hughes CorporationLandlord

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