Occidental Leases 972,145 SF Office Space At 5 & 3 Greenway Plaza In Houston
5 Greenway Plaza, Houston, TX, USA
Building Size
972,145 SF
Asset Type
Office
Closing
Jun 18, 2020
About this deal
AI
The leased property at 5 & 3 Greenway Plaza in Houston, located in the Upper Kirby market, has been transacted on June 19, 2020. The asset is an office space comprising 972,145 square feet.
Summary of transation details
- Property Type: Office
- Tenant: Occidental
- Landlord: Parkway Property Investments - Jim Heistand
- Brokers: Rima Soroka & Eric Siegrist - Leasing
Rima Soroka and Eric Siegrist from the Leasing agency represented the tenant, Occidental, in this lease transaction.
Traded’s record for 5 Greenway Plaza, Houston, TX, USA in Houston, Texas covers a office lease from 2020. Published size for 5 Greenway Plaza, Houston, TX, USA is 972,145 square feet. Rima Soroka, Eric Siegrist, Cushman & Wakefield appear on the lease alongside Cushman & Wakefield. This page is the Houston, Texas file for the 5 Greenway Plaza, Houston, TX, USA office leased: pricing, party profiles, and other closed office comps from the same Houston sit in the Market section below. Filter that Houston office set by closing date to see what else leased near 5 Greenway Plaza, Houston, TX, USA around 2020. Cite this Occidental Leases 972,145 SF Office Space At 5 & 3 Greenway Plaza In Houston lease when underwriting similar office product around Houston, Texas.
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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