Virtus Real Estate Capital & Lincoln Property Company Sell Medical Office In Webster For Undisclosed Price
251 Medical Center Boulevard, Webster, Texas 77598, United States
Building Size
94,506 SF
Asset Type
—
Closing
Mar 28, 2022
About this deal
AI
The property involved in this closed transaction is a medical office located at 251-253 Medical Center Blvd. in Webster. The property has a total area of 94,506 square feet and is classified as a medical office building.
Summary of transaction details
- Property Type: Medical Office
- Transaction Amount: Not specified
- Address: 251-253 Medical Center Blvd., Webster
- Market: Webster
- Asset Area: 94,506 square feet
The property was sold by Virtus Real Estate Capital and Lincoln Property Company. The brokers involved in the transaction were Brandy Bellow Spinks, Lee Asher, Chris Bodnar, Jordan Selbiger, Ryan Lindsley, Sabrina Solomiany, and Zack Holderman, all from CBRE.
On the Map
Players
Webster 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