Centurion Pipeline Co. LLC Leases Houston Office Space At 3700 W Sam Houston Pkwy S
3700 W Sam Houston Pkwy S, Housto...
Building Size
28,078 SF
Asset Type
Office
Closing
Oct 16, 2019
About this deal
AI
The office property located at 3700 W Sam Houston Pkwy S in Houston spans 28,078 square feet. The landlord, Clarion Partners LP, secured Centurion Pipeline Co. LLC as a new tenant in a lease agreement finalized on October 16, 2019.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not disclosed
- Tenant's Rep: Lonna Dorman(Transwestern)
- Tenant: Centurion Pipeline Co. LLC
- Landlord: Clarion Partners LP
- Square Feet: 28,078
Lonna Dorman from Transwestern acted as the representative for Centurion Pipeline Co. LLC, facilitating the leasing process. The negotiation was carried out by Eric Anderson, Parker Burkett, and Katy Gragg of Transwestern Commercial Services on behalf of Clarion Partners LP.
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