Parkway Leases 9703 Square Feet At 5847 San Felipe St With Tenant's Rep Dan Boyles
5847 San Felipe St, Houston, TX, 77057
Building Size
9,703 SF
Asset Type
Office
Closing
Nov 19, 2023
AI
The property asset involved in this transaction is an office space located at 5847 San Felipe St, Houston, TX, within the Houston market. The total square footage of the lease is 9,703 square feet.
Summary of transaction details:
- Property Type: Office Lease
- Transaction Amount: Not disclosed
- Address: 5847 San Felipe St, Houston, TX, 77057
- Market: Houston
- Tenant: P.O.& G. Resources
- Landlord: Parkway
- Tenant's Representative: Dan Boyles - NAI Capital
- Landlord's Representative: Eric Siegrist
The lease renewal was negotiated by Dan Boyles and Michael Mannella of NAI Partners, representing the tenant. Rima Soroka and Eric Siegrist handled the representation for the landlord, Parkway, on an internal basis.
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