CBRE Negotiates 13,371 SF Office Lease For The Houston Trust Company In Houston
3737 Buffalo Speedway, Houston, TX...
Building Size
13,371 SF
Asset Type
Office
Closing
Jan 25, 2019
AI
The office lease transaction at 3737 Buffalo Speedway in Houston, TX involves a 13,371-square-foot space. The lease was negotiated by CBRE on behalf of The Houston Trust Co., a personal trust firm, with the space designated as the company's new headquarters. The tenant's representative, Weldon Martin of CBRE, facilitated the lease negotiations. The landlord, Houston 3737 Buffalo LP, was represented by Madison Marquette.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not provided
- Tenant: The Houston Trust Co
- Market: Houston
- Square Feet: 13,371
- Tenant's Rep: Weldon Martin (CBRE)
- Landlord: Houston 3737 Buffalo LP
The deal's key individuals include Weldon Martin from CBRE, who represented The Houston Trust Co. in the lease negotiations. On the other side, Madison Marquette acted as the representative for the landlord, Houston 3737 Buffalo LP.
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