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24 Greenway Plaza, Houston,...

Stevenson & Murray Leases 7700 Square Feet At 24 Greenway Plaza Houston From Granite Properties
LEASEDOffice

Stevenson & Murray Leases 7700 Square Feet At 24 Greenway Plaza Houston From Granite Properties

24 Greenway Plaza, Houston, TX, 77046

Building Size

7,700 SF

Asset Type

Office

Closing

Aug 8, 2017

AI

The property involved in this transaction is located at 24 Greenway Plaza, Houston, TX, 77046. It features a total square footage of 7,700. The market for this lease is Houston, indicating a localized focus on commercial real estate utilization.

Summary of transaction details:

Chris Nash and Travis Taylor from Lee & Associates represented the tenant, Stevenson & Murray, in this transaction. Sandy Benak served as the representative for the landlord, Granite Properties, ensuring both parties were adequately represented throughout the lease renewal process.

Players

Chris Nash

Hughes Marino

Broker

4 deals

Broker
Granite Properties
Granite PropertiesLandlord

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