Edward Choi Investments Acquires Medical Office In Houston On Fallbrook Drive
11321 Fallbrook Drive, Houston, Texas 77065, United States
Building Size
15,353 SF
Asset Type
—
Closing
Jul 17, 2022
AI
An office property located at 11321 Fallbrook Drive in Houston has been sold. The medical office spans a total of 15,353 square feet, situated on a 1.88-acre lot. The transaction took place on July 18, 2022.
Summary of transaction details
- Property Type: Medical Office
- Transaction Amount: Not specified
- Address: 11321 Fallbrook Drive, Houston
- Market: Houston
- Size: 15,353 square feet
- Lot Area: 1.88 acres
The seller for this property was EBK-DA, LLC. Representing the seller were Todd Moore & Connor Duffy from Colliers. The buyer's representative, on the other hand, was Edward Choi from Edward Choi Investments.
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