SMBC Leasing & Finance Inc. Acquires Medical Office In Houston From SWD Property Development
8303 Creekbend Drive, Houston, Texas 77071, United States
Building Size
43,400,000 SF
Asset Type
—
Closing
Sep 20, 2022
About this deal
AI
The medical office located at 8303 Creekbend Drive in Houston has been sold in a closed transaction. The property, with a size of approximately 43,400,000 square feet, was purchased by SMBC Leasing & Finance Inc. from SWD Property Development.
Summary of transaction details
- Property Type: Medical office
- Transaction Amount: Not disclosed
- Address: 8303 Creekbend Drive
- Market: Houston
- Buyer: SMBC Leasing & Finance Inc.
- Seller: SWD Property Development
- Broker: Beth Young (Young Healthcare Team) - Colliers Houston
Beth Young from the Young Healthcare Team at Colliers Houston represented the buyers, SMBC Leasing & Finance Inc., in this property transaction.
On the Map
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