Percheron Holdings LLC Extends Office Lease At 1904 Grand Parkway North In Katy, Texas
1904 West Grand Parkway North
Building Size
28,597 SF
Asset Type
Office
Closing
Dec 13, 2023
About this deal
AI
Percheron Holdings LLC has extended its office lease for 28,597 square feet at 1904 Grand Parkway North in Katy, Texas. The lease transaction was facilitated by Colliers. The decision to stay at Grandway West was driven by the ideal occupancy solution for Percheron's growth needs in the competitive Katy office market.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: N/A
- Address: 1904 Grand Parkway North
- Market: Katy
- Square Footage: 28,597
The landlord for the property is InSite, represented by Owen Hannay. The tenant, Percheron Holdings LLC, was represented by Trent Oglesby. The landlord's representatives are Eric Anderson and Parker Burkett from Transwestern. The tenant's representatives are Chris Nash from Lee & Associates and Jeremy Hunt from Hunt's Real Estate.
On the Map
Office
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Players
Katy 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