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3200 Southwest Freeway, Hou...

RS&H Inc. Leases 9,850 SF Office Space In Houston's Southwest Fwy With Landlord's Rep Parkway Realty Management LLC And Tenant's Rep Newmark
LEASEDOffice

RS&H Inc. Leases 9,850 SF Office Space In Houston's Southwest Fwy With Landlord's Rep Parkway Realty Management LLC And Tenant's Rep Newmark

3200 Southwest Freeway, Houston, Texas 77027, United States

Building Size

15,000 SF

Asset Type

Office

Closing

Feb 23, 2022

AI

A long-term lease transaction has been completed for an office space located at 3200 Southwest Fwy in Houston. The property spans approximately 9,850 square feet and is owned by Parkway Property Investments.

Summary of transaction details:

  • Property Type: Office
  • Transaction Date: 02/24/2022
  • Address: 3200 Southwest Fwy, Houston
  • Market: Houston
  • Landlord: Parkway Property Investments
  • Tenant: RS&H Inc.
  • Landlord's Representative: Amanda Nebel - Parkway Realty Management LLC
  • Tenant's Representatives: Sara Fredericks & Kristian Nielsen - Newmark

The lease transaction was facilitated by Amanda Nebel from Parkway Realty Management LLC, representing the landlord, and Sara Fredericks and Kristian Nielsen from Newmark, representing the tenant, RS&H Inc.

Players

Sara Fredericks

Newmark

Broker

5 deals

Broker
PL
Parkway Property Investments LLCLandlord

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