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
About this deal
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.
On the Map
Office
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Players
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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