Decode Agency Leases 13,000 SF Office Space At 600 North Shepherd Drive, Houston
600 N Shepherd Dr, Houston, TX 77007, USA
Building Size
13,000 SF
Asset Type
Office
Closing
Aug 2, 2020
About this deal
AI
The property involved in the transaction is an office located at 600 North Shepherd Drive in Houston. The property spans a total of 13,000 square feet.
Summary of transaction details
- Property Type: Office
- Transaction Amount: Not available
- Date: 08/03/2020
- Tenant: Decode Agency
- Landlord: M-K-T, Triten Real Estate Partners, Radom Capital, and Long Wharf Capital
- Tenant's Representative: Joe Rambin - Cushman & Wakefield
- Landlord's Representatives: Bubba Harkins and Jenny Mueller - JLL
- Market: Houston
Decode Agency is the tenant of the office space. The lease transaction was facilitated by Joe Rambin from Cushman & Wakefield, who represented the tenant. On the other side, the landlord, M-K-T, Triten Real Estate Partners, Radom Capital, and Long Wharf Capital, were represented by Bubba Harkins and Jenny Mueller from JLL.
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