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
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