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600 N Shepherd Dr, Houston,...

Updated Oct 29, 2024

Decode Agency Leases 13,000 SF Office Space At 600 North Shepherd Drive, Houston
LEASEDOffice

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

Long Wharf Capital
Long Wharf CapitalLandlord

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

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