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
About this deal
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:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 24 Greenway Plaza, Houston, TX, 77046
- Square Feet: 7700
- Tenant: Stevenson & Murray
- Landlord: Granite Properties
- Tenant's Representative: Chris Nash (Lee & Associates)
- Landlord's Representative: Sandy Benak (Granite Properties)
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.
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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