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20 East Greenway Plaza

Affiliated Engineers Leases 6,945 SF Office At 20 E Greenway Plaza In Houston
LEASEDOffice

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:

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

Steve Rocher

CBRE

Broker

6 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