Vulcan Materials Company And Chronicle Bidco Lease Office Space In Houston's 4424 W. Sam Houston Pkwy
4424 West Sam Houston Parkway North, Houston, TX 77041
Building Size
35,386 SF
Asset Type
Office
Closing
Dec 15, 2021
AI
Griffin Realty Trust has leased an office space located at 4424 W. Sam Houston Pkwy in Houston. The property spans 35,386 square feet and is owned by Griffin Realty Trust.
Summary of transaction details
- Property Type: Office
- Transaction Amount: N/A
- Address: 4424 W. Sam Houston Pkwy
- Market: Houston
- Square Footage: 35,386
Vulcan Materials Company, Chronicle Bidco, FSI Construction, Corrosion Resistant Alloys, Texas Capital Bank, and United Energy Trading are the tenants who have signed the lease agreement. Chip Colvill and Cameron Colvill, representing Cushman & Wakefield, served as the landlord's representatives in the deal. Edward Edson, from Colliers International, along with Jim Bell and Drew Morris from Savills, Alaysha Durall from Fairdale Realty, Dan Boyles and Travis Willamson from NAI Partners, Eddie Tillman from Avison Young, and Joe Rambin 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