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700 Milam Street, Houston, ...

Munsich Hardtr Kopf & Harr, PC Leases 20,000 SF Office In Downtown Houston
LEASEDOffice

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

Tyler Garrett

JLL

Broker

4 deals

Broker

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