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2929 Allen Pkwy, Houston, T...

Nguyen Office PLLC Leases 4,671 SF Office Space At 2929 Allen Parkway In Houston With Tenant's Rep D.J. Hale And Landlord's Rep Kristin Rabel
LEASEDOffice

Nguyen Office PLLC Leases 4,671 SF Office Space At 2929 Allen Parkway In Houston With Tenant's Rep D.J. Hale And Landlord's Rep Kristin Rabel

2929 Allen Pkwy, Houston, TX 77019, USA

Building Size

4,671 SF

Asset Type

Office

Closing

Aug 23, 2023

AI

The property involved in this lease transaction is a 4,671 square foot office located at 2929 Allen Parkway in Houston. The building in which the office is situated is a 43-story structure that was constructed in 1982.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Not available
  • Square Footage: 4,671
  • Address: 2929 Allen Parkway, Houston

Oxford Partners, represented by D.J. Hale, secured a lease for the office space at 2929 Allen Parkway. On the other side of the transaction, Kristin Rabel of CBRE represented the landlord. The details of the agreement between the tenant, Nguyen Office PLLC, and the landlord were not disclosed.

Players

Kristen Rabel

CBRE

Broker

6 deals

Broker

Union 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