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730 Town and Country Boulevard

Group 1 Automotive Signs 45,330 Sq Ft Office Lease In Houston
LEASEDOffice

Group 1 Automotive Signs 45,330 Sq Ft Office Lease In Houston

730 Town and Country Boulevard

Building Size

45,330 SF

Asset Type

Office

Closing

Nov 8, 2023

AI

Car dealership Group 1 Automotive has signed a 45,330-square-foot office lease in the under-construction Town Centre Two building in West Houston. The building is 68% preleased and is set to be completed by year-end.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: Not specified
  • Square Footage: 45,330
  • Address: 730 Town & Country, Houston

Moody Rambin, represented by Robert O. Cromwell II, served as the landlord for this lease. Group 1 Automotive was represented by Daryl Kenningham as their tenant. Bob Cromwell and Kevin Nolan, from Moody Rambin, acted as the landlord's representatives. The tenant, Group 1 Automotive, had their representation provided by Andy Iversen, Audrey Selber, and Joshua Brown from Newmark.

Players

Andy Iversen

Newmark

Broker

5 deals

Broker
AG
Automotive GroupTenant

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