Accesso Signs 7-Year Lease For 21,000 SF Office Space In Houston
900 Threadneedle Street, Houston, Texas 77079, United States
Building Size
21,000 SF
Asset Type
Office
Closing
Mar 21, 2022
About this deal
AI
Smith Seckman Reid, Inc. has leased an office space located at 900 Threadneedle Street in Houston. The property spans 21,000 square feet and the lease is for a period of seven years. Accesso will be the tenant, while Smith Seckman Reid, Inc. will serve as the landlord.
Summary of transation details
- Property Type: Office
- Transaction Amount: Not applicable
- Address: 900 Threadneedle Street, Houston
- Square Footage: 21,000
The deal was facilitated by various representatives. Andrew Blaustein and Lispah Hogan from Newmark acted as the landlord's representatives for Smith Seckman Reid, Inc. On the other hand, Robert LaCoure, Jill Nesloney, Chris Lewis, and Bryce Adams, who are affiliated with Lee & Associates, served as the tenant's representatives for Accesso.
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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