Kiewit Engineering Leases 277,105 SF Office Space In Houston
585 N. Dairy Ashford
Building Size
277,105 SF
Asset Type
Office
Closing
Apr 28, 2023
AI
The office property located at 585 N. Dairy Ashford in Houston has been leased. The property has a total square footage of 277,105 and is owned by Spear Street Capital. The tenant for this lease is Kiewit Engineering.
Summary of transaction details
- Property Type: Office
- Transaction Date: 04/28/2023
- Address: 585 N. Dairy Ashford
- Market: Houston
- Square Footage: 277,105
The landlord's representatives for this lease are Eric Anderson & Katy Gragg from Transwestern Real Estate Services. The tenant's representatives are Louie Crapitto from JLL and David Kimball from SquareFoot.
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