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
About this deal
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.
On the Map
Office
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Players
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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