facebook

traded

+ Submit
Home

/

Deals

/

Texas

/

Office

/

Lease

/

500 Dallas St Houston, TX 7...

Moss Adams Renews Lease For 21,118 SF At Houston's Allen Center
LEASEDOffice

Moss Adams Renews Lease For 21,118 SF At Houston's Allen Center

500 Dallas St Houston, TX 77002, USA

Building Size

21,118 SF

Asset Type

Office

Closing

Jul 10, 2023

AI

Moss Adams has renewed its lease for a 21,118 square foot office space in Houston's Allen Center. The lease agreement will last until 2035. The accounting firm has chosen a new location within the recently renovated office complex, which is located at 500 Dallas Street in Houston.

Summary of transaction details

This lease renewal deal involved Moss Adams, a renowned accounting firm, and Brookfield Properties, the landlord of the Allen Center office complex. The lease will allow Moss Adams to continue operating in a 21,118 square foot space until 2035. The accounting firm made the decision to relocate within the recently renovated office complex, indicating their satisfaction with the quality of the property.

Players

William Padon

CBRE

Broker

10 deals

Broker
Brookfield Properties
Brookfield PropertiesBrokerage

Texas Office Market Snapshot

Boundary boundary · Office · Lease transactions

Loading comparables…

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