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4201 Main street, Houston, ...

Updated Oct 29, 2024

Microsoft Signs Lease For 300,000 SF Office Space In Houston
LEASEDOffice

Microsoft Signs Lease For 300,000 SF Office Space In Houston

4201 Main street, Houston, TX, USA

Building Size

300,000 SF

Asset Type

Office

Closing

Jan 4, 2021

About this deal

AI

Microsoft has recently signed a lease agreement for an office space in Houston, Texas. The property, located at 4201 Main Street, offers a spacious 300,000 square feet of space on a 16-acre lot. The deal was facilitated by Savills, the broker representing Microsoft, and the landlord in this transaction is Rice Management Co.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: Lease
  • Address: 4201 Main Street, Houston
  • Square Footage: 300,000
  • Acres: 16

This deal marks an exciting development for Microsoft, as they continue to expand their operations in Houston. The office space at 4201 Main Street provides ample room for Microsoft's needs and will support their ongoing business activities. With the assistance of Savills, Microsoft was able to secure this lease agreement with Rice Management Co., the landlord for this property.

Players

RC
Rice Management Co.Landlord
M
MicrosoftTenant

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

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