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515 Post Oak BLVD, Houston,...

Greater Houston Community Foundation Leases 18463 Square Feet At 515 Post Oak Blvd In Houston
LEASEDOffice

Greater Houston Community Foundation Leases 18463 Square Feet At 515 Post Oak Blvd In Houston

515 Post Oak BLVD, Houston, TX, 77027

Building Size

18,463 SF

Asset Type

Office

Closing

Nov 19, 2023

AI

An 18,463-square-foot office lease has been negotiated at 515 Post Oak Blvd, located in Houston, TX. The property is situated in a commercial market that supports various business functions, catering to companies seeking substantial office space.

Summary of transaction details:

  • Property Type: Office Lease
  • Transaction Amount: Not specified
  • Address: 515 Post Oak Blvd, Houston, TX, 77027
  • Market: Houston
  • Tenant: Greater Houston Community Foundation
  • Landlord: 515 Post Oak Owner LP
  • Tenant's Representatives: Liz Westcott-Brown - NAI Partners, Dan Boyles - NAI Capital
  • Landlord's Representative: Richard Barbles - Stream Realty
  • Square Feet: 18,463

Dan Boyles and Liz Westcott-Brown from NAI Partners have played a pivotal role in representing the Greater Houston Community Foundation during the lease negotiations. Richard Barbles from Stream Realty represented the interests of the landlord, 515 Post Oak Owner LP, ensuring a structured and efficient negotiation process.

Players

Dan Boyles

Partners Real Estate

Broker

19 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