Stan Johnson Company Acquires Medical Office In Spring For $<PRICE>
4701 Fm 2920, Spring, Texas 77388, United States
Building Size
20,191 SF
Asset Type
—
Closing
Mar 2, 2022
AI
The medical office property located at 4701 Farm to Market 2920 in Spring has been sold. The asset encompasses 20,191 square feet and was sold on 03/03/2022. The transaction was facilitated by broker Evan Altemus from Stan Johnson Company.
Summary of transaction details:
- Property Type: Medical Office
- Transaction Amount: Not specified
- Address: 4701 Farm to Market 2920
- Market: Spring
- Square Footage: 20,191
- Broker: Evan Altemus - Stan Johnson Company
Evan Altemus of Stan Johnson Company played a key role in representing the parties involved in the sale of the medical office property. The deal underscores the importance of professional representation in successful real estate transactions.
Players
Spring 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