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15721 Park Row, Houston, TX...

CTCI Americas Inc Leases 49662 Square Feet At 15721 Park Row Houston Represented By Josh Morrow
LEASEDOffice

CTCI Americas Inc Leases 49662 Square Feet At 15721 Park Row Houston Represented By Josh Morrow

15721 Park Row, Houston, TX, 77084

Building Size

49,662 SF

Asset Type

Office

Closing

Nov 20, 2023

AI

15721 Park Row is a six-story office building located in Houston’s Energy Corridor, encompassing a total of 145,000 square feet. The recently leased space by CTCI Americas Inc. spans 49,662 square feet. The property features amenities such as a tenant lounge, conference facilities, and an outdoor collaboration area.

Summary of transaction details:

  • Property Type: Office Lease
  • Transaction Amount: Not disclosed
  • Address: 15721 Park Row, Houston, TX, 77084
  • Market: Houston
  • Tenant: CTCI Americas Inc
  • Landlord: BH Properties
  • Tenant's Rep: Josh Morrow - Avison Young
  • Landlord's Rep: Jenny Mueller - CBRE

The transaction involved Josh Morrow representing CTCI Americas Inc. in the lease negotiations, while the leadership team from CBRE, including Jenny Mueller, represented the landlord, BH Properties, in this agreement.

Players

Josh Morrow

Avison Young

Broker

4 deals

Broker
B.H. Properties
B.H. PropertiesLender
B.H. Properties
B.H. PropertiesLandlord

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