Drumheller, Hollingsworth & Monthy, CBRE Lease Office Space On Main Street, Downtown Houston
708 Main Street
Building Size
2,489 SF
Asset Type
Office
Closing
Apr 13, 2022
AI
Drumheller, Hollingsworth & Monthy, LLP has signed a lease for an office space located at 712 & 708 Main Street in Downtown Houston. The property has a total of 2,489 square feet and is owned by Regency Main, LLC. The lease transaction was facilitated by CBRE, with Parker Duffie and Jason Presley representing the landlord, and William Padon representing the tenant.
Summary of transaction details
- Property Type: Office
- Transaction Amount: Not available
- Address: 712 & 708 Main Street
- Market: Downtown Houston
- Square Footage: 2,489
In this lease transaction, Drumheller, Hollingsworth & Monthy, LLP secured an office space at 712 & 708 Main Street in Downtown Houston. The property, owned by Regency Main, LLC, offers a total of 2,489 square feet. The deal was facilitated by CBRE, with Parker Duffie and Jason Presley representing the landlord and William Padon representing the tenant, Drumheller, Hollingsworth & Monthy, LLP.
Players
Houston Office Market Snapshot
Boundary boundary · Office · Lease transactions
Loading comparables…
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