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3737 Buffalo Speedway, Hous...

CBRE Negotiates 13,371 SF Office Lease For The Houston Trust Company In Houston
LEASEDOffice

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

Weldon Martin

CBRE

Broker

3 deals

Broker

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