Vroom Signs Lease For Office Space In Houston's Sam Houston Parkway With Landlord Clarion Partners
3600 West Sam Houston Parkway South, Houston, TX, USA
Building Size
102,500 SF
Asset Type
Office
Closing
Jan 10, 2021
AI
The office property located at 3600 W. Sam Houston Parkway S. in Houston has been leased. The property spans 102,500 square feet and is owned by Clarion Partners.
Summary of transaction details
- Property Type: Office
- Transaction Amount: Not mentioned
- Market: Houston
- Tenant: Vroom
- Landlord: Clarion Partners
- Tenant's Representative: Louie Crapitto - JLL
- Landlord's Representatives: Eric Anderson, Parker Burkett, & Katy Gragg - Transwestern
Vroom, the tenant, will occupy the leased space in the office property at 3600 W. Sam Houston Parkway S. in Houston. The deal was facilitated by Louie Crapitto from JLL, representing the tenant, and Eric Anderson, Parker Burkett, and Katy Gragg from Transwestern, representing the landlord, Clarion Partners.
Players
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