NOCNIR Leases 21000 Square Feet At 3367 N Sam Houston Pkwy W Houston With David Alexander
3367 N Sam Houston Pkwy W, Housto...
Building Size
21,000 SF
Asset Type
Office
Closing
Jun 27, 2017
AI
This lease involves a property located at 3367 North Sam Houston Parkway West in Houston, with a total area of 21,000 square feet. The landlord for this transaction is NOCNIR.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 3367 N Sam Houston Pkwy W, Houston
- Landlord: NOCNIR
- Tenant: Ervin Cable Construction
- Landlord's Representative: David Alexander - Newcor Commercial Real Estate
- Square Feet: 21,000
David Alexander, representing Newcor Commercial Real Estate, was involved in the lease negotiations for this property on behalf of the landlord, NOCNIR. No broker information was provided for the tenant, Ervin Cable Construction.
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