NAI Partners Represents Tenant In Lease Of Office Space At 3 Riverway In Houston
3 Riverway, Houston, Texas 77056, United States
Building Size
13,709 SF
Asset Type
Office
Closing
Dec 8, 2021
AI
An office space located at 3 Riverway in Houston has been leased. The property spans an area of 13,709 square feet. The lease transaction took place on 12/08/2021.
Summary of transaction details
- Property Type: Office
- Transaction Amount: N/A
- Address: 3 Riverway
- Market: Houston
- Square Footage: 13,709
The landlord, Brad Fricks from Stream Realty, represented the property in the lease deal. On the other hand, the tenant, whose name was not provided, was represented by Jason Whittington from NAI Partners.
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