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757 North Eldridge Parkway,...

Omega 365 Leases 10,202 SF Office Space At 757 N. Eldridge Pkwy Houston
LEASEDOffice

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

Jon Lee

CBRE

Broker

7 deals

Broker
Granite Properties
Granite PropertiesLandlord

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