Matthews Real Estate Investment Services Acquires Commercial Property In Houston For $5.5M
10803 Westheimer Road, Houston, TX, USA
$5,500,000
$2,570/SF
Building Size
2,140 SF
Asset Type
Commercial
Closing
Jan 8, 1920
AI
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
Houston Commercial Market Snapshot
Boundary boundary · Commercial · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.88%
Cash-on-Cash
-0.82%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93