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910 Louisiana Street, Houst...

Busycon Properties LLC Leases Office Space To Baker Botts In Houston
LEASEDOffice

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

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.

Players

Chip Colvill

Cushman & Wakefield

Broker

5 deals

Broker
BB
Baker BottsTenant

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