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
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