Technip Energies Leases 171600 Square Feet Office Space At 15377 Memorial Drive In Houston
15377 Memorial Drive
Building Size
171,600 SF
Asset Type
Office
Closing
Nov 6, 2024
AI
The property asset involved in the transaction is an office space located at 15377 Memorial Drive in Houston, covering a total area of 171,600 square feet. The building is a 14-story structure capable of accommodating approximately 1,000 employees.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Address: 15377 Memorial Drive
- Market: Houston
- Square Footage: 171,600
- Tenant: Robert Scott - Technip Energies
- Brokers: Graham Horton & Mark Reilly - JLL
Robert Scott represents Technip Energies in the lease agreement for the property. The lease and build-out of the property were managed by JLL with design services provided by Gensler and construction completed by Harvey Builders.
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