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4424 West Sam Houston Parkw...

Vulcan Materials Company And Chronicle Bidco Lease Office Space In Houston's 4424 W. Sam Houston Pkwy
LEASEDOffice

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

Dan Boyles

Partners Real Estate

Broker

19 deals

Broker
NAI Global
NAI GlobalBrokerage

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