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3555 Timmons Lane

Goode Company Restaurants Leases 9304 Square Feet Office At 3555 Timmons Lane Houston
LEASEDOffice

Goode Company Restaurants Leases 9304 Square Feet Office At 3555 Timmons Lane Houston

3555 Timmons Lane

Building Size

9,304 SF

Asset Type

Office

Closing

May 12, 2025

AI

The property asset involved in this transaction is located at 3555 Timmons Lane in Houston, encompassing 9,304 square feet designated as office space. The property is situated within the Greenway Plaza market, reflecting its suitability for corporate operations.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Not disclosed
  • Address: 3555 Timmons Lane
  • Market: Houston
  • Landlord: Mali Subbiah - Novel Office
  • Tenant: Levi Goode - Goode Company Restaurants
  • Landlord's Representative: Eric Anderson, John Heard & Katy Gragg - Transwestern
  • Tenant's Representative: Pollan Hausman Real Estate

The deal was facilitated with the involvement of Pollan Hausman Real Estate, which represented the tenant, Levi Goode of Goode Company Restaurants. The transaction's representation for the landlord was executed by Eric Anderson, John Heard, and Katy Gragg from Transwestern, highlighting their role in the negotiation process for this office lease.

Players

Eric Anderson

Transwestern

Broker

14 deals

Broker

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