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12941 North Fwy Houston, TX...

Colliers Sells Wells Fargo Bank Building In Houston, Texas
SOLDOffice

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

David Carter

Colliers

Broker

24 deals

Broker

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