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
About this deal
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.
On the Map
Office
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Players
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