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19219 Katy Freeway

Remi Eriksen Of JLL Leases 62,779 SF Office At The Offices At Greenhouse In Houston
LEASEDOffice

Remi Eriksen Of JLL Leases 62,779 SF Office At The Offices At Greenhouse In Houston

19219 Katy Freeway

Building Size

62,779 SF

Asset Type

Office

Closing

Jan 30, 2025

AI

The asset involved in this transaction is an office property located at 19219 Katy Freeway in Houston's Energy Corridor. The facility comprises 62,779 square feet and contributes to a larger building total of 208,809 square feet, currently at 74% occupancy with a remaining 52,334 square feet still available.

Summary of transaction details:

The transaction marks DNV USA's relocation from Katy, TX, as they signed a lease through JLL, represented by Collin Grimes. The landlord's interests were represented by Doug Little, Jack Scharnberg, and Kelli Gault of Transwestern, facilitating the rental agreement that enhances the occupancy of the building.

Players

Doug Little

Transwestern

Broker

12 deals

Broker

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