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
About this deal
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.
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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