Updated Oct 29, 2024
Colliers Sells Wells Fargo Bank Building In Houston, Texas
12941 North Fwy Houston, TX 77060, USA
Building Size
—
Asset Type
Office
Closing
Aug 22, 2023
About this deal
AI
The Wells Fargo Bank Building in Houston, Texas has been sold by Colliers, with David Carter as the broker representative. This eight-story property offers professional office space with on-site management, security, and convenient access to major transportation routes. The property is located at 12941 North Freeway in Houston and sits on a 4.42-acre lot.
Summary of transaction details
- Property Type: Office
- Transaction Amount: Not specified
- Seller: North Houston LP
- Broker: David Carter - Colliers
- Market: Houston
- Address: 12941 North Freeway
- Acres: 4.42
The sale of the Wells Fargo Bank Building in Houston, Texas was facilitated by David Carter of Colliers. The property offers a range of office space options and is equipped with on-site management and security services. It is conveniently located with easy access to major transportation routes.
Players
North 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