Affiliated Engineers Leases 6,945 SF Office At 20 E Greenway Plaza In Houston
20 East Greenway Plaza
Building Size
6,945 SF
Asset Type
Office
Closing
Mar 14, 2024
AI
Located at 20 East Greenway Plaza, Houston, the office space leased by Affiliated Engineers spans 6,945 square feet. The leasing transaction was finalized on 03/14/2024, with a rental rate of $34.65 per square foot.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Landlord: Twenty Greenway Plaza
- Tenant: Affiliated Engineers
- Landlord's Rep: Marilyn Guion & Steve Rocher - CBRE
- Tenant's Rep: Ray Lopez - Colliers International
Affiliated Engineers' lease agreement at 20 E Greenway Plaza was facilitated by Ray Lopez of Colliers International, along with Marilyn Guion & Steve Rocher of CBRE. Houston's Greenway Plaza submarket now enjoys an occupancy rate of 77.4%, with no ongoing construction activities at the property.
Players
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