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
Houston Office Market Snapshot
Boundary boundary · Office · Lease transactions
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Deal FAQ
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