facebook

traded

+ Submit
Home

/

Deals

/

Texas

/

Office

/

Lease

/

5847 San Felipe St, Houston...

Parkway Leases 9703 Square Feet At 5847 San Felipe St With Tenant's Rep Dan Boyles
LEASEDOffice

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

Eric Siegrist

Cushman & Wakefield

Broker

4 deals

Broker
Parkway
ParkwayLandlord

Houston Office Market Snapshot

Boundary boundary · Office · Lease transactions

Loading comparables…

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