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8800 Technology Forest Plac...

Lexicon Pharmaceuticals Sells Office Building On Technology Forest Drive In The Woodlands
SOLDOffice

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

Jon Silberman

Partners Real Estate

Broker

12 deals

Broker
NAI Global
NAI GlobalBrokerage

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