Updated Apr 3, 2025
DC Partners And Michael Fleischer Acquire Development Site In Houston For $31M
4411 San Felipe Street, Houston, TX, USA
$31,000,000
$335/SF
Building Size
92,340 SF
Asset Type
Development Site
Closing
Dec 17, 2020
About this deal
AI
A construction loan of $31,000,000 was secured for a development site located at 4411 San Felipe Street in Houston. The loan was provided by 3650 REIT, with Jonathan Roth as the lender. The loan terms include a 30-month loan term.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $31,000,000
- Property Address: 4411 San Felipe Street, Houston
- Square Footage: 92,340 SF
- Market: Houston
The development site is managed by DC Partners, represented by Michael Fleischer and Shin Bowers. The loan was facilitated by Jonathan Roth from 3650 REIT.
On the Map
$31,000,000
$335/SF
Development Site
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Players
Houston Development Site Market Snapshot
Boundary boundary · Development Site · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.51%
Cash-on-Cash
-0.15%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93