Ezee Fiber Leases 94179 Square Feet Office Space At 5959 Corporate Drive Houston
5959 Corporate Drive
Building Size
94,179 SF
Asset Type
Office
Closing
Dec 19, 2024
AI
The property at 5959 Corporate Drive in Houston consists of an office space totaling 94,179 square feet. The location serves as a corporate headquarters, and the property includes office and warehouse areas along with substantial data center capacity and modern amenities. This asset is owned by Prescott Group.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Address: 5959 Corporate Drive
- Market: Houston
- Landlord: Judson Pankey - Prescott Group
- Tenant: Matt Marino - Ezee Fiber
- Brokers: Michelle Wogan & Paula Musa - Transwestern
Ezee Fiber has executed a lease for the entire office space, effectively consolidating its operations into a single location. The deal involved representations made by Judson Pankey, as the landlord's representative, and Michelle Wogan & Paula Musa representing the brokerage side of the 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