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712 Main Street

SWA Group Signs 10-Year Lease For Office Space At 712 & 708 Main Street, Downtown Houston
LEASEDOffice

SWA Group Signs 10-Year Lease For Office Space At 712 & 708 Main Street, Downtown Houston

712 Main Street

Building Size

16,989 SF

Asset Type

Office

Closing

Apr 13, 2022

AI

The office property located at 712 & 708 Main Street in Downtown Houston has been leased. The property spans 16,989 square feet and was leased on 04/13/2022.

Summary of transaction details

  • Property Type: Office
  • Transaction Date: 04/13/2022
  • Address: 712 & 708 Main Street
  • Market: Downtown Houston
  • Square Footage: 16,989

The landlord for this lease is Regency Main, LLC, and the tenant is SWA Group. CBRE represented the landlord, with Parker Duffie and Jason Presley serving as their representatives. The tenant was represented by Bill Wolff from Fritsche Anderson Realty Partners, LLC.

The lease terms are for a duration of 10 years.

Players

Jason Presley

Goodwin Advisors

Broker

$26M

vol

5 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