Omega 365 Leases 10,202 SF Office Space At 757 N. Eldridge Pkwy Houston
757 North Eldridge Parkway, Houston, TX 77079
Building Size
10,202 SF
Asset Type
Office
Closing
Dec 13, 2021
AI
An office space spanning 10,202 square feet located at 757 N. Eldridge Pkwy in Houston has recently been leased. The deal, which was finalized on December 13, 2021, involved the tenant Omega 365 and the landlord Granite Properties. The lease was facilitated by the tenant's representatives Jon Lee & Claire Douthit from CBRE and the landlord's representative Jon Dutton from Granite.
Summary of transaction details
- Property Type: Office
- Transaction Date: 12/13/2021
- Address: 757 N. Eldridge Pkwy
- Market: Houston
- Asset Type: Office
- SF: 10,202
- Landlord: Granite Properties
- Tenant: Omega 365
- Landlord's Representative: Jon Dutton - Granite
- Tenant's Representatives: Jon Lee & Claire Douthit - CBRE
The lease transaction involving the office space at 757 N. Eldridge Pkwy was successfully executed with the involvement of key individuals and companies. Jon Lee & Claire Douthit from CBRE represented the tenant, Omega 365, while Jon Dutton from Granite represented the landlord, Granite Properties. This transaction highlights the active leasing market in Houston and the collaboration between prominent industry players.
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