TRC Capital Partners Acquires Property From Silverpeak Real Estate Partners In Houston
1001 McKinney St, Houston, TX, 77002
Building Size
375,440 SF
Asset Type
—
Closing
Nov 19, 2023
About this deal
AI
The property asset involved in this transaction is located at 1001 McKinney St, Houston, TX, 77002. It consists of a total square footage of 375,440 and is situated in the Houston market.
Summary of transaction details:
- Property Type: Not specified
- Transaction Amount: Not specified
- Address: 1001 McKinney St, Houston, TX, 77002
- Market: Houston
- Seller: Silverpeak Real Estate Partners
- Buyer: TRC Capital Partners
- Seller's Representative: Martin "Marty" Hogan - JLL, Danny "Dan" Miller
This deal showcases the collaboration between TRC Capital Partners as the buyer and Silverpeak Real Estate Partners as the seller, with the representation provided by Martin "Marty" Hogan and Danny "Dan" Miller from JLL. These individuals played a crucial role in facilitating the transaction.
On the Map
Players
Houston CRE Market Snapshot
Boundary boundary · CRE · 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