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363 N Sam Houston Pkwy E, H...

Murex Petroleum Corp Leases Office Space At 363 N Sam Houston Pkwy E, Houston
LEASEDOffice

Murex Petroleum Corp Leases Office Space At 363 N Sam Houston Pkwy E, Houston

363 N Sam Houston Pkwy E, Houston...

Building Size

20,423 SF

Asset Type

Office

Closing

Jan 17, 2019

AI

The office building located at 363 N. Sam Houston Parkway in Houston, where Murex Petroleum Corp. signed a 20,423-square-foot lease, is a part of the North Belt submarket and was constructed in 1982. The property, with a total size of 223,158 square feet, serves as an ideal space for Murex Petroleum Corp to conduct its operations in Houston.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Not specified
  • Address: 363 N Sam Houston Pkwy E, Houston
  • Market: Houston
  • Landlord's Rep: Kurt Kistler (Moody Rambin)
  • Tenant: Murex Petroleum Corp
  • Landlord: TA Associates Realty
  • Square Feet: 20,423

The negotiation for the lease at 363 North Belt involved key representatives from both sides. Terri Torregrossa and Kurt Kistler, from Moody Rambin, represented the landlord, TA Associates Realty. On the other hand, Murex Petroleum Corp was represented by Ryan Fassett and Josh Marcell, also from Moody Rambin, showcasing a well-handled transaction with experienced professionals facilitating the deal.

Players

Kurt Kistler

Moody Rambin

Broker

3 deals

Broker
TA Realty
TA RealtyLandlord

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