Webster Vicknair MacLeod Leases 10,150 Square Feet At 24 Greenway Plaza In Houston
24 East Greenway Plaza
Building Size
10,150 SF
Asset Type
Office
Closing
Jul 19, 2024
AI
The transaction involves a 10,150-square-foot office space located at 24 Greenway Plaza in Houston. The asset is part of a prominent area known as the Greenway District, catering to commercial activities. The leasing arrangement has facilitated the occupancy of this office by the law firm Webster Vicknair MacLeod, underlining the asset's functional suitability for professional services.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Address: 24 Greenway Plaza
- Market: Houston
- Landlord: Wyatt Ranches
- Tenant: Webster Vicknair MacLeod
- Landlord's Representative: Nick Terry - Rifle CRE
- Tenant's Representative: Ryan Hartsell - Oxford Partners
Ryan Hartsell of Oxford Partners facilitated the leasing transaction on behalf of the tenant, Webster Vicknair MacLeod. Meanwhile, Nick Terry of Rifle CRE represented the interests of the sublessor, Wyatt Ranches of Texas LLC, ensuring a comprehensive approach to the leasing process.
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