Riverway Holdings Leases 15000 SF Office Space To Nexus Health In Houston
1 Riverway # 1700, Houston, TX, 77056
Building Size
15,000 SF
Asset Type
Office
Closing
Mar 28, 2017
AI
The office space at 1 Riverway #1700 in Houston, TX, 77056, totaling 15,000 square feet, was leased by Nexus Health in a transaction facilitated by CBRE's Steve Rocher, Kristen Rabel, and Parker Duffie representing the landlord, Riverway Holdings. Nexus Health expanded its presence in the 481,000-square-foot building following extensive renovations.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Address: 1 Riverway #1700, Houston, TX, 77056
- Market: Houston
- Tenant's Rep: Jamie Addison Scott, Taylor Wright (Colliers International), Taylor Wright (NAI Partners), Scot Ison (Axis Tenant Advisors)
- Landlord's Rep: Kristen Rabel, Parker Duffie, Steve Rocher
- Tenant: Nexus Health
- Landlord: Riverway Holdings
Taylor Wright of NAI Partners and Scot Ison of Axis Tenant Advisors represented Nexus Health in the lease negotiations with Riverway Holdings. The lease expansion by Nexus Health at One Riverway contributed to a successful week of renewals and expansions within the building.
Players
Houston Office Market Snapshot
Boundary boundary · Office · 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