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1 Riverway # 1700, Houston,...

Riverway Holdings Leases 15000 SF Office Space To Nexus Health In Houston
LEASEDOffice

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:

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

Taylor Wright

Colliers

Broker

5 deals

Broker

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