Busycon Properties LLC Leases Office Space To Baker Botts In Houston
910 Louisiana Street, Houston, Texas 77002, United States
Building Size
172,301 SF
Asset Type
Office
Closing
Aug 11, 2022
About this deal
AI
An office property located at 910 Louisiana Street in Houston has been leased. The property spans across 172,301 square feet. The lease transaction took place on August 12, 2022. The tenant, Baker Botts, will occupy the leased space.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: N/A
- Date: 08/12/2022
- Address: 910 Louisiana Street
- Market: Houston
- Square Footage: 172,301
The landlord for this lease deal is Busycon Properties LLC. The landlord's representatives from Cushman & Wakefield are Winfield Haggard Jr. and Chip Colvill. Savills represented Baker Botts in this transaction, with Mark O’Donnell, Jennifer Meehan, and Lizzie Prochazka acting as their representatives.
On the Map
Office
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Players
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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