Anton Paar USA Acquires Development Site In Houston's East River
100 Jensen Drive
Building Size
—
Asset Type
Development Site
Closing
May 1, 2024
AI
The Development Site located at 100 Jensen Drive in Houston was sold in a transaction involving the buyer Reinhard Eberl from Anton Paar USA and the seller's representative David Hightower from Midway. The property is part of the East River development and will be the site for Anton Paar USA's new South Region headquarters, spanning 30,000 square feet and featuring office space, technology labs, training facilities, and distribution areas.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: Not specified
- Buyer: Reinhard Eberl - Anton Paar USA
- Buyer's Rep: Chadd Bolding - Colliers International
- Seller's Rep: David Hightower - Midway
- Address: 100 Jensen Drive
- Market: Houston
Chadd Bolding of Colliers International represented the buyer, playing a key role in facilitating the purchase of the prime tract. The acquisition aligns with East River's focus on collaboration among design firms and innovative businesses, with developments like The Studios at East River and the upcoming Port Houston headquarters shaping the surrounding area.
Players
Houston Development Site Market Snapshot
Boundary boundary · Development Site · 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