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
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