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3600 West Sam Houston Parkw...

Vroom Signs Lease For Office Space In Houston's Sam Houston Parkway With Landlord Clarion Partners
LEASEDOffice

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

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

Eric Anderson

Transwestern

Broker

14 deals

Broker
Clarion Partners
Clarion PartnersLandlord

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