Munsich Hardtr Kopf & Harr, PC Leases 20,000 SF Office In Downtown Houston
700 Milam Street, Houston, Texas 77002, United States
Building Size
20,000 SF
Asset Type
Office
Closing
Apr 18, 2022
AI
A 20,000 square foot office located at 700 Milam St. in Downtown Houston has been leased. The transaction was finalized on April 19, 2022.
Summary of transaction details
- Property Type: Office
- Transaction Amount: Not available
- Address: 700 Milam St.
- Market: Downtown Houston
- Square Footage: 20,000
The tenant for the office space is Munsich Hardtr Kopf & Harr, PC, which is represented by Phil C. Appenzeller Jr. On behalf of the tenant, the leasing transaction was handled by Craig McKenna, Ryan Barbles, and Kristin Wall from Stream Realty Partners. Tyler Garrett from Transwestern acted as the landlord's representative in the deal.
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