Apache Corporation Leases 328,000 SF Office Space In Houston
2000 West Sam Houston Parkway South, Houston, Texas 77042, United States
Building Size
328,000 SF
Asset Type
Office
Closing
Feb 12, 2022
AI
The office building located at 2000 W Sam Houston Pkwy S in Houston has recently been leased. The lease transaction was finalized on 12/02/2022. The property, spanning over 328,000 square feet, is owned by Cousins Properties. The landlord's representative in this deal is Colin Connolly. On the tenant side, Apache Corporation has secured the lease and they were represented by Mark Maddox.
Summary of transaction details
- Property Type: Office
- Transaction Amount: N/A
- Address: 2000 W Sam Houston Pkwy S, Houston
- Market: Houston
- Square Footage: 328,000 SF
The lease agreement was facilitated by Mark Maddox from Apache Corporation, who represented the tenant. Colin Connolly from Cousins Properties acted as the landlord's representative. This transaction signifies a successful leasing endeavor for both parties involved.
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