Goree Architects, Inc. Leases Office Space In Sage Plaza, Houston
5161 San Felipe St, Houston, TX 77056, USA
Building Size
142,060 SF
Asset Type
Office
Closing
Jun 9, 1920
AI
The property involved in this lease transaction is an office space located at Sage Plaza – 5151 San Felipe Street in the Uptown market of Houston. The leased space spans a total of 14,206 square feet.
Summary of transaction details
- Property Type: Office
- Transaction Date: 06/10/20
- Address: Sage Plaza – 5151 San Felipe Street
- City: Houston
- Market: Uptown
Goree Architects, Inc., represented by Steve Craney, is the tenant in this lease transaction. The landlord is Granite Barnhart Sage Plaza LP. The leasing deal was facilitated by Anthony Squillante and Collin Roach from Avison Young.
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