SOLDOffice
Kimberlee Partners LP Acquires Mont Belvieu Office/Flex Property For $23,657 SF
2830 North Farm To Market 565 Road, Mont Belvieu, Tx 77523, Usa
Building Size
23,657 SF
Asset Type
Office
Closing
Jul 20, 2020
AI
The property involved in this transaction is an office/flex space located at 2830 N FM 565 Road in Mont Belvieu. It has a total area of 23,657 square feet. The sale of this property took place on 07/21/2020.
Summary of transaction details:
- Property Type: Office/Flex
- Transaction Amount: Not provided
- Seller: Bellwether Interest LLC
- Buyer: Kimberlee Partners LP
- Seller's Rep: Judd Harrison & Jason Tangen - Colliers International
- Buyer's Rep: Hart Schleiche - Capital Real Estate Commercial
The property was fully...
No additional details were provided about the transaction.Players
Mont Belvieu Office Market Snapshot
Boundary boundary · Office · Sale 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