Lexicon Pharmaceuticals Sells Office Building On Technology Forest Drive In The Woodlands
8800 Technology Forest Place, The Woodlands, TX, USA
Building Size
128,400 SF
Asset Type
Office
Closing
Dec 29, 2020
AI
Lexicon Pharmaceuticals has completed the sale of an office property in The Woodlands. The property, located at 8800 Technology Forest Drive, spans a total of 128,400 square feet. The transaction was finalized on December 30, 2020. Dan Boyles and Jon Silberman of NAI Partners represented Lexicon Pharmaceuticals in the sale.
Summary of transaction details
- Property Type: Office
- Transaction Amount: Not mentioned
- Address: 8800 Technology Forest Drive
- Market: The Woodlands
- Square Footage: 128,400
The sale of the office property on 8800 Technology Forest Drive in The Woodlands marks a significant transaction in the local market. This deal was facilitated by the expertise of Dan Boyles and Jon Silberman from NAI Partners, who represented Lexicon Pharmaceuticals throughout the process.
Players
The Woodlands Office Market Snapshot
Boundary boundary · Office · Sale 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