TGS-NOPEC Geophysical Co. Leases 97295 Square Feet At 10451 Clay Rd Houston Texas
10451 Clay Rd, Houston, TX, 77041
Building Size
97,295 SF
Asset Type
—
Closing
Nov 20, 2023
About this deal
AI
The property involved in this transaction is located at 10451 Clay Rd, Houston, TX, 77041. The property is situated in the Houston market and has a total square footage of 97,295 square feet.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Tenant: TGS-NOPEC Geophysical Co.
- Landlord: Office Properties Income Trust
- Tenant's Representative: Jon Silberman - NAI Capital
- Landlord's Representative: Louann Pereira - Transwestern
This lease transaction involves TGS-NOPEC Geophysical Co. as the tenant and Office Properties Income Trust as the landlord. The deal was facilitated by tenant's representative Jon Silberman from NAI Capital and landlord's representative Louann Pereira from Transwestern.
On the Map
Players
Houston CRE Market Snapshot
Boundary boundary · CRE · 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