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1001 McKinney St, Houston, ...

TRC Capital Partners Acquires Property From Silverpeak Real Estate Partners In Houston
SOLD

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

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.

Players

Danny Miller

Broker

15 deals

Broker
TP
TRC Capital PartnersBuyer
SP
Silverpeak Real Estate PartnersSeller

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