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3200 Southwest Fwy, Houston...

Parkway Property Investments LLC Leases 9850 Square Feet At 3200 Southwest Fwy Houston
LEASEDMixed-use

Parkway Property Investments LLC Leases 9850 Square Feet At 3200 Southwest Fwy Houston

3200 Southwest Fwy, Houston, TX, 77...

Building Size

9,850 SF

Asset Type

Mixed-use

Closing

Nov 19, 2023

AI

RS&H Inc. has signed a long-term lease for 9,850 square feet at Phoenix Tower, located at 3200 Southwest Fwy, Houston, TX. The property is situated within Houston's Greenway Plaza, a mixed-use campus that spans 52 acres. The campus features an array of amenities including a 150,000-square-foot fitness facility, child care center, activated common spaces, curated programming, and various dining options such as Feges BBQ and Tony’s.

Summary of transation details:

  • Property Type: Lease
  • Transaction Amount: Not specified
  • Address: 3200 Southwest Fwy, Houston, TX
  • Market: Houston
  • Tenant: RS&H Inc.
  • Landlord: Parkway Property Investments LLC
  • Tenant's Representative: Kristian Nielsen (Newmark)
  • Landlord's Representative: Amanda Nebel (Parkway Properties)
  • Square Feet: 9,850

Sara Fredericks and Kristian Nielsen represented RS&H Inc. in the leasing transaction, while Amanda Nebel negotiated on behalf of the landlord, Parkway Property Investments LLC.

Players

Sara Fredericks

Newmark

Broker

5 deals

Broker
PL
Parkway Property Investments LLCLandlord

Houston Mixed-use Market Snapshot

Boundary boundary · Mixed-use · 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