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2000 West Sam Houston Parkw...

Apache Corporation Leases 328,000 SF Office Space In Houston
LEASEDOffice

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

Colin Connolly

Cousins Properties

Landlord

$991.8M

vol

8 deals

Landlord

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