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845 Texas Avenue, Houston, ...

McGuireWoods Signs Lease For 30,000 SF Office Space At 845 Texas Avenue In Houston
LEASEDOffice

McGuireWoods Signs Lease For 30,000 SF Office Space At 845 Texas Avenue In Houston

845 Texas Avenue, Houston, TX, USA

Building Size

30,000 SF

Asset Type

Office

Closing

Aug 3, 2020

AI

The recently closed property transaction in Houston involves an office space located at 845 Texas Avenue, spanning approximately 30,000 square feet. The property, managed by Hines represented by John Mooz and Ivanhoé Cambridge, has been leased to McGuireWoods. The leasing deal was finalized on August 3, 2021.

Summary of transaction details

  • Property Type: Office
  • Transaction Date: 08/03/2021
  • Address: 845 Texas Avenue
  • Market: Houston
  • Square Footage: 30,000

Colliers, represented by Bob Parsley, Darren Gowell, and Taylor Wright, served as the tenant's representatives, facilitating the lease agreement with McGuireWoods. On the other hand, Michael Anderson represented Hines as the landlord's representative, negotiating the terms of the lease on behalf of John Mooz and Ivanhoé Cambridge.

Players

Robert Parsley

Colliers

Broker

$30K

vol

10 deals

Broker
Hines
HinesLandlord

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