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3773 Richmond Avenue, Houst...

Gulf South Pipeline Co Leases Office Space At 3773 Richmond Ave In Houston With Landlord's Rep J.P. Hutcheson & Rima Soroka - Parkway Properties
LEASEDOffice

Gulf South Pipeline Co Leases Office Space At 3773 Richmond Ave In Houston With Landlord's Rep J.P. Hutcheson & Rima Soroka - Parkway Properties

3773 Richmond Avenue, Houston, Texas 77046, United States

Building Size

98,616 SF

Asset Type

Office

Closing

Feb 10, 2022

AI

An office space located at 3773 Richmond Ave in Houston has been leased. The property spans 98,616 square feet and is owned by Parkway. Gulf South Pipeline Co is the tenant in this deal.

Summary of transaction details

  • Property Type: Office
  • Transaction Date: 02/11/2022
  • Address: 3773 Richmond Ave, Houston
  • Market: Houston
  • Square Footage: 98,616

J.P. Hutcheson and Rima Soroka from Parkway Properties represented the landlord in this lease agreement. Christopher Oliver and David Guion from Cushman & Wakefield acted as the tenant's representatives.

Players

Rima Soroka

Broker

8 deals

Broker
Parkway
ParkwayLandlord

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