Wood Group USA Leases Office Space At 17325 Park Row In Houston, TX
17325 Park Row, Houston, Texas 77084, United States
Building Size
226,287 SF
Asset Type
Office
Closing
Dec 7, 2022
About this deal
AI
The lease transaction for an office space in Houston, TX, has been completed. The property, located at 17325 Park Row, spans a total area of 226,287 square feet. Wood Group USA is the tenant who has secured the lease from the landlord, Griffin Realty Trust. The lease agreement was finalized on December 7, 2022.
Summary of transaction details
- Property Type: Office
- Transaction Amount: Not specified
- Address: 17325 Park Row, Houston, TX
- Market: Houston, TX
- Asset Type: Office
- Square Footage: 226,287
The landlord, represented by Scott Tausk of Griffin Realty Trust, facilitated the lease deal. Cushman & Wakefield and Whitebox Real Estate acted as the landlord's representatives in the transaction, with Chip Colvill and Cameron Colvill serving as their respective agents. Wood Group USA was represented by Kevin Snodgrass, Trey Strake, and Megan Madorsky from Cushman & Wakefield.
On the Map
Office
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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