Matthews Real Estate Investment Services Acquires Commercial Property In Houston For $5.5M
SOLD
$5,500,000
Texas
See Similar DealsCommercial2,140 SF
Sold 01/08/20
SOLD
Matthews Real Estate Investment Services Acquires Commercial Property In Houston For $5.5M
10803 Westheimer Road, Houston, TX, USA
See Similar DealsCommercial2,140 SF
Sold 01/08/20
Summary
TEXAS
Asset Type:Commercial
Price Per Square Foot:$2,570
Total Square Footage:2,140 SF
Transaction Type:Sale
The commercial property located at 10803 Westheimer Rd in Houston has been sold for $5,500,000. The property is situated in Harris County and spans across 2,140 square feet. The price per square foot comes at $2,570.09.
Summary of transaction details
- Property Type: Commercial
- Transaction Amount: $5,500,000
- Address: 10803 Westheimer Rd, Houston
- Market: Harris County
- Square Footage: 2,140
- Price Per Square Foot: $2,570.09
The sale of this property was facilitated by Joseph Nelson and Gary Chou from Matthews Real Estate Investment Services.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Similar Buyers
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$293,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$19,540.35
Cash-on-Cash Return-1.27%
Monthly Debt Service$26,072.81
Annual Debt Service$312,873.67
Is there something missing? Send suggestions