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1904 West Grand Parkway North

Percheron Holdings LLC Extends Office Lease At 1904 Grand Parkway North In Katy, Texas
LEASEDOffice

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

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.

Players

Eric Anderson

Transwestern

Broker

14 deals

Broker

Owen Hannay

Landlord

2 deals

Landlord

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