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900 Threadneedle Street, Ho...

Accesso Signs 7-Year Lease For 21,000 SF Office Space In Houston
LEASEDOffice

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

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.

Players

Lispah Hogan

Newmark

Broker

$3.4M

vol

2 deals

Broker
Accesso
AccessoTenant

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