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708 Main Street

Drumheller, Hollingsworth & Monthy, CBRE Lease Office Space On Main Street, Downtown Houston
LEASEDOffice

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

William Padon

CBRE

Broker

10 deals

Broker
RL
Regency Main, LLCLandlord

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