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609 Main street, Houston, T...

JAMS Leases 10,055 SF Office Space At 609 Main Street In Houston
LEASEDOffice

JAMS Leases 10,055 SF Office Space At 609 Main Street In Houston

609 Main street, Houston, TX, USA

Building Size

10,055 SF

Asset Type

Office

Closing

Dec 16, 2020

AI

An office space located at 609 Main Street in Houston has recently been leased. The transaction was completed on December 17, 2020. The total square footage of the office space is 10,055.

Summary of transaction details:

  • Property Type: Office
  • Transaction Date: 12/17/2020
  • Address: 609 Main Street
  • Market: Houston
  • Square footage: 10,055

The tenant of this office space is JAMS. The landlord is Hines, represented by John Mooz. William Padon, Kevin Kushner, and Ron Wade from CBRE acted as the tenant's representatives. Michael Anderson and Damon Thames from Cushman & Wakefield represented the landlord in this lease deal.

Players

Michael Anderson

Coldwell Banker

Broker

3 deals

Broker
Hines
HinesLandlord

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