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
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