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
About this deal
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.
On the Map
Office
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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