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10451 Clay Rd, Houston, TX,...

TGS-NOPEC Geophysical Co. Leases 97295 Square Feet At 10451 Clay Rd Houston Texas
LEASED

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

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.

Players

Louann Pereira

Transwestern

Broker

7 deals

Broker
OT
Office Income Properties TrustLandlord

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