LEASEDOffice
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
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.
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