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5959 Corporate Drive

Ezee Fiber Leases 94179 Square Feet Office Space At 5959 Corporate Drive Houston
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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

Michelle Wogan

Transwestern

Broker

3 deals

Broker

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