Updated Feb 5, 2025
Skanska USA Commercial Development Acquires Development Site In Houston For $27M
1003 Westheimer Road, Houston, TX, USA
$27,000,000
$216/SF
Building Size
124,582 SF
Asset Type
Development Site
Closing
Aug 5, 2020
About this deal
AI
The development site located at 1003 - 1011 Westheimer Road in Houston has been sold for a total of $27,000,000. The transaction took place on August 6, 2020. The site spans an area of 124,582 square feet and is a valuable asset in the Houston market.
Summary of transation details
- Property Type: Development Site
- Transaction Amount: $27,000,000
- Address: 1003 - 1011 Westheimer Road
- Market: Houston
Skanska USA Commercial Development, represented by Matt Damborsky, has acquired the site. Matt Damborsky is a representative of Skanska USA Commercial Development in this deal. This significant purchase demonstrates the company's commitment to expanding its presence in the Houston market.
On the Map
$27,000,000
$216/SF
Development Site
View full map
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
0.59%
Cash-on-Cash
-0.17%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93