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4701 Fm 2920, Spring, Texas...

Stan Johnson Company Acquires Medical Office In Spring For $<PRICE>
SOLD

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

Evan Altemus

Broker

$1M

vol

2 deals

Broker

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